At the end of the following article CNN.com – Doctors hope law boosts patient care is a paragraph which is, now, ironic.
One carrier, Texas Medical Liability Trust, announced before the Sept. 13 vote it would cut rates by 12 percent on Jan. 1. Two others, GE Medical Protective of Fort Wayne, Ind., and The Doctors Co. of Napa, Calif., are considering similar cuts.
Our ED group started getting registered letters Saturday notifying them that MedPro will not be renewing any of their policies, “to decrease the number of Emergency physicians” they cover. There’s a cut!
90% of the docs in our group are covered by MedPro, and now my colleagues are going to have to apply for new coverage, in a uncertain market, many now having outstanding suits from the flurry of filings just before the new tort laws went into effect. (I’m with another company, and praying I’m with them in the future).
So much for tort reform fixing our medmal problems. Next: Insurance Reform.