In this study, the Foundation for Taxpayer and Consumer Rights (FTCR) reviews the loss projections of medical malpractice[Related: Medical Malpractice Story L…][Related: Medical Malpractice Story L…] insurance[Related: Hold Health Insurance Indus…][Related: How Health Insurance Rate R…][Related: Hold Health Insurance Indus…][Related: How Health Insurance Rate R…] companies, beginning with the ‘insurance crisis’ of the mid-1980s. The data show that medical malpractice insurers have historically inflated their loss projections and then revised their reported losses downward in subsequent years. The ‘incurred losses’ that medical malpractice insurance companies initially reported for policies in effect in each of the years examined were, on average, 46% higher than the amount the insurers actually paid out on those policies.
False Accounting: How Medical Malpractice Insurance Companies Inflate Losses to Justify Sudden Surges in Rates and Tort Reform
Harvey Rosenfield
As Consumer Watchdog's founder, Harvey Rosenfield is one of the nation's foremost consumer advocates. Trained as a public interest lawyer, Rosenfield authored Proposition 103 and organized the campaign that led to its passage by California voters in 1988 despite over $80 million spent in opposition (still a record).
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Carmen Balber
Consumer Watchdog executive director Carmen Balber has been with the organization for nearly two decades. She spent four years directing the group’s Washington, D.C. office where she advocated for key health insurance market reforms that were ultimately enacted into law as part of the Affordable Care Act.
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