July 13, 2006
Insurance Changes in Missouri
An interesting bill became law this week in Missouri. In addition to some controls on rate increases, it has some information-gathering components:
makes self-financed malpractice insurers subject to state reporting requirements and directs the state insurance director to establish risk-reporting categories for each physician specialty.
Medical malpractice insurers will be required to report actual rates charged, including assessments for each risk-reporting category, and the department will publish annual reports reflecting median market rates.
Is this common?
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