One major medical malpractice insurer in North Carolina is already crediting the state’s recently passed medical malpractice tort reform – passed over the veto of Gov. Perdue – with a reduction in insurance premiums. According to the N&O’s Under the Dome:
A medical malpractice insurer has lowered its premiums and is crediting what is often called tort reform in this and other states.
Mag Mutual Insurance Co., the second-largest such firm in the state, credits the new laws with almost half of its recent 7.4 percent average cut in insurance premiums for doctors.
The legislature last year overrode Gov. Bev Perdue’s veto of a bill capping “noneconomic” damages at $500,000.
The Civitas Institute advocated for such tort reforms for several years, fortunately legislators were able to provide doctors (and thus patients) with sensible reforms that will ease the financial burden of providing medical care – no thanks to Perdue.