07-22-2009, 12:56 PM
There needs to be limitations on litigation, STANDARDS for litigation (ie all states have the same award schedules and limits) and allowances for all insurers to compete in all states. Currently each company needs to apply for license to sell their insurance with each state. Open competition would help bring down premium rates as would rate caps on medical procedures and litigation.
Rate caps must also be applied to malpractice insurance premiums.
If the possibility of lawsuits were brought into the scope of reason then unnecessary procedures would not be ordered so willingly and costs would come WAY down.
This wouldn't be an instant change but one that would take place in a fairly short period of time (5-15 years) and be a more affordable and permanent solution to the current situation.
Rate caps must also be applied to malpractice insurance premiums.
If the possibility of lawsuits were brought into the scope of reason then unnecessary procedures would not be ordered so willingly and costs would come WAY down.
This wouldn't be an instant change but one that would take place in a fairly short period of time (5-15 years) and be a more affordable and permanent solution to the current situation.