Ok,
the one reason to live in Louisiana is that it's a big deal to get
malpractice cases settled for those exhorbitant amounts. There is a
system in place that requires the patient to go through a medical
peer review and then they can sue and then the max amount is limited
by law.
umm.. and don't forget, insurance companies don't EVER lower their
rates. They will always find a reason to raise them.
MOST IMPORTANTLY.. INSURANCE COMPANIES ARE NOT HERE TO HELP ANYONE.
THEY ARE HERE TO EARN A REUTRN FOR THIER SHAREHOLDERS. They do this
by making it difficult to process claims, and using any excuse to not
pay what they should. If lots of money is involved, expect the need
for an attorney to get the insurance company to pay the money that
they agreed to pay by contract.
Lester
.. who deals with those SOB's day in and day out..
On May 4, 2006, at 7:46 AM, Larry Daniels wrote:
> ----- Original Message -----
> From: "David Lieb" <dbl@chicagolandmgclub.com>
>
>
>> Malpractice insurance premiums account for about 2% of medical costs.
>> Limiting those costs will make a difference of less than 1/2 of
>> 1%. Big
>> deal.
>
> And that must be why more and more doctors are moving out of
> Illinois to
> Wisconsin so that they can afford the insurance.
>
> ==================================
>
> The malpractice caps in WI are 50% higher than Illinois.
>
> Any other really great arguments?
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