FROM THE FOUNDATION

All Over the Map

Newly updated to include breast cancer, prostate cancer, and spine procedures, this CHCF-sponsored research shows that practice patterns vary dramatically from place to place.

Medi-Cal Transforms

Medi-Cal is the main source of health insurance for one in five Californians. An updated report gives an overview of the program's key features, describes how the program is evolving, and examines the challenges ahead.

Obama Care in the Second Term

CHCF is a long-time sponsor of the UC Irvine Forecast Conference. A webcast of this year's conference on health policy in President Obama's second term is now available.

Insurance and Uninsured

Tuesday, June 12, 2012

Calif.'s Largest Medical Malpractice Insurer Agrees to 10% Rate Cut

On Monday, state Insurance Commissioner Dave Jones (D) announced that The Doctor's Company, the largest medical malpractice insurer in California, has agreed to reduce overall rates by 10%, the Sacramento Business Journal reports (Robertson, Sacramento Business Journal, 6/11).

Background

Last year, Jones required California's top six medical malpractice insurers to submit rate filings to the Department of Insurance.

Jones reviewed the filings and called for rate reductions. According to DOI, five of the insurers responded by substantially reducing premiums.

DOI said the insurers' reductions resulted in nearly $23 million in total savings to medical providers (California Healthline, 4/19).

According to the Business Journal, The Doctor's Company was the last of the six insurers to reduce rates.

Rate Reduction Details

The 10% rate reduction by The Doctor's Company will save medical providers $21 million annually in premiums, according to Jones.

In total, the rate reductions by the six medical malpractice insurers will save health care providers nearly $44 million (Sacramento Business Journal, 6/11).



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