Caps were put on malpractice suits in Missouri to a limit of $250,000.
Insurance is not regulated in Missouri hence malpractice insurance costs are sky high and medical costs didn't come down one cent like all these republicans are raving about.
Tell me again how frivilous lawsuits are affecting insurance companies when it only accounts for around 3% of their business revenues?
The malpractice cap of the
lawsuit in Missouri is irrelevant.
The average cost of insurance a doctor has to pay yearly is still a hundred grand.
Which means the doctors have to charge a #$%* ton just to stay in business and make money for themselves.
Again, if a doctors operating costs were brought down, the cost of medical services would come down, therefore medical insurance would come down.
I'd like to see your source of "3%", though, honestly, I don't remember mentioning frivolous lawsuits, just malpractice lawsuits in general, and the amount of insurance that doctors MUST pay to run their practice.
I do agree that malpractice insurance should be
representative of actual risk, however, and I believe it is really out of proportion. Yeah, I guess the insurance companies are #$%*ing us from both sides, high premiums for doctors, so the doctors fees must be high to pay for them, and then high insurance premiums for us, because doctors fees are so high...