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No, in my state we have had it for years 10+ and in fact other states often use our state?s medical malpractice laws as a model for their reforms. Medical Malpractice insurance rates haven?t gone down in our state and in fact they have gone up at the same or in some cases at even slightly higher rate than states that haven?t adopted such reforms. It has been a bad deal all around for the taxpayer as the promised benefit never materialized, but the taxpayer is now forced to pay the lifetime medical costs of people that were legitimately injured by malpractice. Anyway most of the health care studies seem to indicate that malpractice insurance costs make up 1% or less of the cost of health care.
Basically we have a cap of 250k against any one provider and you have to go through two trials to get that. The first one is before a panel of Doctors (lol what is the chance of winning that one). So basically for the injured party it takes twice as long to get your feeble recovery. We have a lot of people that have millions of dollars of years in lifetime medical costs, but they only get 250k less attorney?s fees. So the taxpayer ends up paying for it all. It has been a big win for the insurance companies, but a big loss for everyone else.
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