A CONSUMER PERSPECTIVE ON THE RISING COST OF INSURANCE04/01/03
Our guests were Bill Newton and Harvey Rosenfield. Doctors are warning that the high cost of medical malpractice insurance is driving them out of the profession. The MD's blame lawsuits. But our guests have studied the insurance industry and claim that the sharp increases in the cost of most types of insurance are tied to the industry's investment losses and not a sudden increase in lawsuits or pain and suffering awards. Our guests are spearheading a campaign to keep a lid on rising insurance rates and provide greater public access to information about doctors. They also oppose caps on medical malpractice pain and suffering awards.