Is the Health Care Liability Reform Act of 2005 just about caps on non-economic damages?
No. Capping non-economics damages at $250K is just one part of the multi-faceted bill. The bill would also; help preserve the system of free clinics in the city by extending and expanding the Free Clinic Immunity Act to cover physicians, registered nurses, and nurse-midwives who provide free care; mandate the development of a system for reporting medical errors in hospitals; limit attorney contingency fees so that more money goes to the patient; establish additional regulation of medical liability insurance companies; and more. But aren’t insurance companies increasing premiums to offset losses they’ve incurred by playing the stock market? The often-asserted claim by some that insurance companies are trying to make up for losses in the stock market is wrong. The increasing loss severity of claims impact premiums, not playing the stock market. That is because the typical insurance company investment portfolio has a very small exposure to equities. Most professional liability insurers ma
