Foundation for Taxpayer & Consumer Rights Corporateering
  Home | Volunteer | Donate | Subscribe | FTCR Websites | Books | Site Map   
Main Page
Press Releases
In the Media
Factsheets
Reports
Medical Malpractice Stories
HMO Arbitration Abuse Report
Casualty of the Day
 
 OTHER TOPICS
 - Corporate Accountability
 - Insurance
 - Citizen Advocacy
 - The Justice System
 - Billing Errors
 - Energy
 - About FTCR


Read Making a Killing

home / healthcare / in the media

Insurance Chronicle
Sep 08, 2003

by Matt Brady

West Zone: California Orders MedMal Cuts

The California insurance commissioner has ordered the state's second largest medical malpractice insurer, SCPIE Indemnity, to slash its proposed rate increase for doctors by 36% percent after an eight-month regulatory investigation of the firm's rate request.

The ruling was in response to the first- ever consumer group challenge to a medical malpractice insurance rate hike request, brought by the Foundation for Taxpayer and Consumer Rights (FTCR), a California nonprofit organization.

Instead of the company's proposal for a 15.6% increase that would have gone into effect on January 1, 2003, the commissioner John Garamendi will only allow SCPIE and its affiliate, American Healthcare Indemnity, to increase premiums by 9.9% beginning Oct. 1.

The net impact is a $16 million savings for the insurers 9,000 physicians in 2003 and an additional $7.2 million of savings in next year's premiums.


back to top

©2000-2004 FTCR. All Rights Reserved. Read our Terms of Use and Privacy Policy | Contact Us