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re: Lawyer question.
Posted on 1/11/18 at 8:38 am to boosiebadazz
Posted on 1/11/18 at 8:38 am to boosiebadazz
quote:
Look up what the med mal cap is in Louisiana. No one here is getting $10 million for amputating the wrong foot.
Jeez, you fricking lawyers are more worser than IT nerds.
MOOOOOVE!
$3mil McDonalds coffee for example.
And the Natchez Dr's most definitely built in Vidalia b/c of Malpractice insurance rates correlated to State caps in Ms vs La.
This post was edited on 1/11/18 at 8:39 am
1
Posted on 1/11/18 at 8:44 am to mikelbr
Avoiding the merits, I think the McDonald’s case was in North Carolina (?), so I’m not sure how that has anything to do with Louisiana.
The Louisiana med mal law was passed in 1975 and capped damages at $500,000(excluding future medical care), and that cap has not been revised since.
Here's a really fun fact: LAMMICO, the largest med mal insurance provider in the state, reported in 2016 that its "loss experience for prior years was more favorable than originally estimated, which resulted in a reduction to the company's claim reserves." They then passed those savings along to their policyholders in the form of a dividend. They have paid almost $54 million in dividends since 2008. LINK
The more you know, Mike
The Louisiana med mal law was passed in 1975 and capped damages at $500,000(excluding future medical care), and that cap has not been revised since.
Here's a really fun fact: LAMMICO, the largest med mal insurance provider in the state, reported in 2016 that its "loss experience for prior years was more favorable than originally estimated, which resulted in a reduction to the company's claim reserves." They then passed those savings along to their policyholders in the form of a dividend. They have paid almost $54 million in dividends since 2008. LINK
The more you know, Mike
This post was edited on 1/11/18 at 8:50 am
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