Report: Medical Malpractice Insurers More Profitable Than Top Fortune 500 Companies
|Targeted News Service|
The report from the
"While health care costs skyrocket,
These facts are well known by the medical malpractice industry. At the annual meeting of the
"And folks looking at this line of business from the outside, folks looking at this line as a profit maker, have got to be looking at this line over the last four or five years and saying, 'that is almost like printing money. How do I get some of that?'"
The report also shows that H.R. 5 and other state-based liability proposals have been debated under false pretenses, while medical malpractice insurers have made astronomical profits on the backs of injured patients and the very doctors they were supposed to serve.
AAJ's report, The Reserving Practices and Record Profits of Large Medical Malpractice Insurers, can be found online here (PDF).http://www.justice.org/cps/rde/xbcr/justice/Reserving_Practices_and_Record_Profits_2012.pdf
TNS CT21CT-120324-3817735 61ChengTacorda
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