Tough malpractice reforms are putting plaintiff lawyers under pressure, and reducing malpractice rates. In other words, it’s working:
Sensabaugh said the caps have allowed cases to be settled quickly and reasonably, and have provided stability for medical insurance carriers.
That stability, said David Rader, president and chief executive of West Virginia PhysiciansÃ‚Â’ Mutual Insurance Co., enabled the company to cut its premiums by 5 percent on Jan. 1.
“I anticipate that we can do the same next year and the year after,” he said.