You Won, Now What?
The Governor's signature is barely dry on the med-mal bill, but things may start to get interesting. As reported in Crain's, ISMIE, the state's largest med-mal insurer, is being called in for a hearing about its latest rate increases.
Some of the increases were “problematic,” says Susan Hofer, a spokeswoman for the state’s insurance regulator.
Many people, myself included, wondered if the proponents of the measure were so intent on getting the caps provision passed that they set themselves up for a whole lotta trouble down the road. More to the point, I wonder if the docs and/or ISMIE got so caught up in the U.S. Chamber's rhetoric that they themselves may wind up regretting the other regulatory reforms contained in the law. Some may say that this just shows how fair and balanced the law is. Maybe, but I think that this may be just the first taste of what's to come.