That makes no sense. If they can make all that money in investments why put it at risk by selling insurance that then draws from that pot?

Why is it that insurance premiums are directly related to the pay-outs in a given state? Since most of the money comes from “investments,” why should premiums be so closely tied to losses? When I moved from Illinois to Indiana my insurance premium dropped by over 60% because of different tort laws and regulations.

What you are asserting would be like Microsoft getting into the malpractice insurance business and using its computer-related profits to pay claims. Why would they do that?

Given the rate of increase in the cost of care I have no doubt judgments are going up because much of that money goes back into the medical system or health insurance industry to pay for past and future care or subrogation. But you’ve given us no hard data regarding the number of million dollar malpractice judgments, or more importantly payouts.

When does government involvement in private business end?

You implied those “super judgments” would bankrupt providers. You know that’s misleading for a number of reasons. Not least of which is that the provider doesn’t pay them. And also that the judgment awarded doesn’t necessarily mean that’s what’s paid. You were being imprecise to make a political point. Which is just what you criticized Ms Doroshow for doing.

Insurance money in part comes from premiums. But it also comes from, primarily from, investment income. You know this. But again you’re being imprecise for political purposes. The pot is indeed black.

Your other assertion that malpractice losses aren’t paid by providers is akin to asserting that patients don’t pay for increased medical costs. Insurance companies may pay for both insurance payouts and for medical treatment, but ultimately much of the money the insurance company uses comes from those who are insured.
And I agree with you that nursing home negligence cases aren’t medical malpractice, but if you look at the multimillion dollar judgments I post every week in the Healthcare Update (and those are only a small portion of total cases), you’d realize that judgments above the typical $1 million limits in an insurance policy are not so uncommon anymore.

She’s a lobbyist and PR person here. Just like those you parrot. Fair and balanced isn’t her or your bag. You shouldn’t be surprised.

Your “super losses” aren’t paid by medical providers and the majority of the dollars in your link had nothing to do with malpractice. You know that, but it’s just an example of you doing exactly what you’re so incensed at her doing. I know, you’re shocked to find gambling in this establishment!