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American Association for Justice

New Report Shows Malpractice Insurers Price-Gouging Doctors and Driving Up Cost of Care

Published in Medical Verdicts and Law Weekly, June 7th, 2007

The American Association for Justice (AAJ) released a report revealing the medical malpractice insurance industry has been price-gouging doctors through excessive premiums and needlessly contributing to the growing cost of healthcare.

Written by former Missouri Insurance Commissioner Jay Angoff, the study is based on recent annual reports from the top 15 medical malpractice insurers as rated by A.M. Best. The report shows that these insurers artificially raised doctors' premiums and misled the public about the nature of malpractice claims -- asserting that a so-called "malpractice crisis" exists. The report puts the lie to that claim.

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