The Whole Truth About Medical Malpractice and Insurance Fact #11

The Whole Truth About Medical Malpractice and Insurance Fact #11

Jun. 21, 2010 @ 4:42pm

 

The Whole Truth About Medical Malpractice and Insurance Fact #11

Fact #11: Did you know that the tale of a medical malpractice "crisis" is a ten-year cyclical occurrence? 

 

The same cries of a medical malpractice "crisis" were heard in 1975, 1985, 1995 and 2005.  This ten-year           repeating pattern proves that insurance rates are related to insurance business cycles and investment income, not malpractice claims. 

In response to each so-called "medical malpractice crisis," Illinois adopted laws restricting patients' rights.  And each time the courts held those laws unconstitutional. 

The insurance industry's own data shows that medical malpractice claims and lawsuits in Illinois are stable. 

After the most recent "crisis," it is even clearer that medical malpractice insurance rates are based on insurance company business decisions, investment income and other economic factors.   

• For more information regarding insurance reform, see "The Whole Truth About Medical Malpractice and Insurance" pages 35-36, available at http://www.iltla.com/pdf/WhitePaper_TheWholeTruth_Feb2010.pdf; and www.InsuranceReformIllinois.org.