Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.
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Tuesday, February 22, 2005
Insurance premiums correlated to stock market, not malpractice suits
I have a friend who is a doctor who votes Republican solely based on this issue: that Democrats support (are supported by) lawyers whose "frivolous" malpractice suits drive up the cost of insurance for doctors.
Well, John Podesta's Think Progress refutes that argument today, citing the correlation between insurance rates and stock market performance (where insurance companies stash their cash). Says the NYTimes:
when the markets turned sour and the reserves of insurers shriveled, [insurance] companies began to double and triple the costs for doctors.