Friday, July 08, 2005

Notch another one for the "unsurprising discovery" count

wads of bucksIt looks like skyrocketing healthcare costs are mostly the fault of insurance companies, not trial lawyers, whatever conservatives may claim...
The report said malpractice insurers as a group raised their net premiums between 2000 and 2004 by 120.2 percent, to about $4.2 billion, even though their net claim payments rose by only 5.7 percent, to about $1.4 billion.
Even if they're anticipating future pay-outs on current claims/suits, that sounds pretty much like a heist.

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