Texas reduces medical malpractice rates

Inspiring statistic. It gives me more ammo as I encourage our docs to join in medical societies so that our voice is heard.

Ms. MOM @ MOMrants.com

So let’s see – they raised rates over 100% between 2000 and 2003, but now they’ve lowered them 30%?

Who’s the big winner? Insurance co. marketing, that’s who!

Interesting. I don’t know what the actual tort reforms were, so I can’t speak to this well. Does anyone have more specifics on the actual reforms in TX?

Dominic A. Carone, Ph.D.
Founder and Webmaster of MedFriendly.com and The MedFriendly blog.

>>The insurance group cut rates 12 percent in 2004; 5 percent in 2005; 5 percent in 2006; 7.5 percent in 2007 and now 6.5 percent in 2008. Other insurers have dropped premiums, too.

Well, if rates were doubled, say 100 to 200. As 100 is the baseline. Now we go up to 200. Use that year’s rate as the baseline for calculation.

200-12%=176
176-5%=167.2
167.2-5%=158.84
158.84-7.5%=146.93
146.927-6.5%=137.38

So my rate went from 100 to 200. We get tort reform, and after several years the rate goes down to 137. I’ll take it.

So from 200 to 2007, the rate goes from 100 to 137, versus, if previous increases were indicative, 400-plus without tort reform?