Med Mal Insurance Rates Barely Lowered Despite Billions More in Insurance Company Profits

Evan Rosen

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Despite a 68% increase in profits for Medical Malpractice insurance companies in Florida, up to $2.2 Billion from $700 Million in just one year, there was only a 3% rate reduction for doctors. The number of Medical Malpractice lawsuits have fallen since 2003 when the legislature voted to capped pain and suffering type damages. The only ones who continue to rake in more money than ever are the insurance companies. Is anyone surprised? Doctors, lawyers and most importantly, legitimately injured patients suffer under this Republican led legislation to cap attorney fees a few years back but it has resulted in huge windfall profits for those least deserving in our entire health care system, insurance companies...

For more information on this subject, please refer to the section on Medical Malpractice and Negligent Care.