It seems many of your members booed the President when he spoke about not capping malpractice awards with his tort reform. Afterwards some of your members trotted out the old argument that run-away juries and their high awards for malpractice are what's sending your rates higher.
I call shenanigans. See, in Ohio, the state I live in, we also had such an argument in 2002. Our State Legislature, in an attempt to correct for a problem that didn't exist (general practice doctors leaving the state in droves that resembled wildebeest migrations), did tort reform limiting malpractice award caps and raising the bar for bringing suit. Do you remember what the average change Ohio doctor saw in their malpractice insurance in 2003 (and 2004-2006)? It was only a 16% increase. To be fair, our averages over the previous decade were 12-18%, so it could have been 2% worse. Yes, in 2007 and 2008 premiums didn't increase as much as the national average, but they were still over 10%.
The insurance companies' response when asked why rates didn't decrease (as was the case in Texas)? They never said that lawsuits were the problem, and they never said they'd reduce rates if tort reform were passed.
It's not the lawsuits. It's the bond market and slumping "profits." As a professional organization that represents members who hold advance degrees, I expect better research, reasoning capacity, communication, and common sense. Also, if you wish tort reform, I demand open, searchable databases of past and current lawsuits, including the final outcome, of those lawsuits. It should be searchable by the doctor's name. It should also include any disciplinary action by the state and national boards.
Thank you for your time.