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How will the high cost claims scheme reduce doctors premiums?

April 26, 2017COST doctors high premiums reduce Scheme

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How will the high cost claims scheme reduce doctors premiums?

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This scheme helps to produce downward pressure on premiums, particularly for doctors in high-risk areas by: • lowering the amount MIIs have to pay out;and • reducing the amount of reinsurance MIIs need to buy to fund large claims.