Bill would increase cap on medical malpractice awards from $2.7M to $6M
A sweeping, last-minute rewrite of a limited bill about interest payments on medical malpractice lawsuits would more than double a current cap that often leaves victims with millions of dollars less than their lifetime of care will require.
The rewrite would increase the cap on medical malpractice awards from the current
It also extends the current two-year statute of limitations for most cases, by saying the deadline for bringing a lawsuit should start when patients become aware of the negligence or error and not when the incident happened. In many cases, patients don't find out until years afterward.
Bill would ease pressure on
"This is for patients, families, people who have suffered. And you know, we just want to make sure that they are fairly treated," said state Sen.
"If we don't renegotiate and don't find a way to save the cap, we risk losing it altogether," he said.
"I brought this bill originally to try and relieve a little bit of pressure on the cap. I think the optimal solution is finding a solution that gives predictability to all in the health care community. I think it helps patients. I think it helps providers, I think it helps institutions," Obenshain said.
The cap, the result of an agreement between the lawyers who represent patients on one side and doctors, hospitals and insurance companies on the other, dates back to 1976, when it was set at
"This is a number of years coming. It's year after year. Members of this body and others have advised the stakeholders that something needs to be done with medical malpractice. Something needs to be done. Bring us something, something needs to be done," he said.
"This year, we received that same message from the speaker, and he said, something needs to be done. It needs to be done this year," he said.
Later, Speaker
But lobbyists for the
"I try medical malpractice cases on behalf of plaintiffs all over
"Now behind me are a whole bunch of lobbyists from multibillion dollar organizations (saying) that they cannot absorb an increased cap to
"I cannot begin to convey to you the tragedy of representing someone who is paralyzed, who is brain-injured, who is going to require
Such a sweeping rewrite, with just days to go to bring the measure before the full
"I struggle with this issue," said Del.
"
The committee approved the rewrite by a bipartisan 18-4 vote.
Sen.
An online stalking nightmare in


Legal Notices
Continental General Partners with Reframe Financial to Bring the Next Evolution of Reframe LifeStage to Market
Advisor News
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
- Most Gen Z investors think less than a year ahead when making financial decisions
- IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
- Help child-free clients plan for their later years
More Advisor NewsAnnuity News
- Guidance, bulletin or reg? NAIC debates form of annuity illustration update
- Nationwide adds mutual fund-linked strategy to New Heights Select FIA
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity NewsHealth/Employee Benefits News
Life Insurance News