Reducing Medical Malpractice Loss Reserve Volatility Through Tort Reform

This article evaluates the effects of medical malpractice reform on claiming, malpractice premiums, physician supply, and defensive medicine. We conclude that damage caps materially reduce claim frequency, payouts per claim, and total payouts. The effects of damage caps on malpractice premiums, physician supply, and defensive medicine are more modest. It is difficult to quantify the impact of reforms other than damage caps—partly because reforms are typically adopted as a package deal, and partly because of the limitations of the available data. We close by identifying three areas that would benefit from more research. Expected final online publication date for the Annual Review of Law and Social Science, Volume 16 is October 13, 2020. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

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Gender Differences in Reserving Conservatism: Evidence from the U.S. Property-Liability Insurance Industry

Che

2021

SSRN Journal

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Reducing Medical Malpractice Loss Reserve Volatility Through Tort Reform

Cited by 3 publications

References 52 publications

Gender Differences in Reserving Conservatism

Gender Differences in Reserving Conservatism

The Impact of Medical Malpractice Reforms

Gender Differences in Reserving Conservatism: Evidence from the U.S. Property-Liability Insurance Industry

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