February 11th 2003
By
John
Ostapkovich
by KYW's
News Radio 1060, Philadelphia
A hearing
on medical malpractice insurance reform produced no agreement --
even among its panelists.
The narrow issue
before a Congressional hearing, chaired by Bucks County's Jim Greenwood, was
his bill that would set a national cap, somewhat flexible, on pain and
suffering judgments.
He says jackpot awards
put insurers in a bind:
"They simply cannot
make reasonable business decisions of their risk when they don't know with each
passing year what juries will award."
But Congresswoman Jan
Schakowsky of Illinois says juries are getting a bad rap:
"Premiums charged do
not track losses paid but instead rise and fall with the state of the economy.
In any case, malpractice insurance costs have risen at half the rate of medical
inflation."
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