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Medical Malpractice Insurance in the Wake of Liability Reform

dc.contributor.authorViscusi, W. Kip
dc.contributor.authorBorn, Patricia, 1964-
dc.identifier.citation24 J. Legal Stud. 463 (1995)en_US
dc.descriptionarticle published in law journalen_US
dc.description.abstractThis article examines the effect of the liability reforms on medical malpractice insurance over the 1984-91 period. This is the first study to use data by firm and by state for every firm writing medical malpractice insurance over that time period. The liability reforms increased insurance profitability (that is, decreased the loss ratios), where the main mechanism of influence was through decreasing losses. The quantile regression estimates imply that the greatest effects of liability reform are on the most unprofitable firms and that the effect is not uniform across the entire market. This pattern is consistent with the other principal finding, which is that damages caps appear to be most influential.en_US
dc.format.extent1 PDF (29 pages)en_US
dc.publisherThe Journal of Legal Studiesen_US
dc.subject.lcshPhysicians' malpractice insuranceen_US
dc.subject.lcshPhysicians -- Malpractice -- United Statesen_US
dc.subject.lcshMedical care, Cost of -- United Statesen_US
dc.subject.lcshLaw reform -- United Statesen_US
dc.titleMedical Malpractice Insurance in the Wake of Liability Reformen_US

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