One of the contributors to the price of medical care is the price of malpractice insurance. And with a simple change in tort laws that price of malpractice has diminished:
RALEIGH – The state’s second largest medical malpractice insurer has cut its premiums in response to the effects of tort reform laws in North Carolina and other states as well as to put it on a more competitive footing.
Mag Mutual Insurance Co. has cut doctors’ premiums by an average of 7.4 percent for 2012, North Carolina Department of Insurance spokeswoman Kerry Hall says. The company calls 3 percentage points of that a “tort reform credit.”
There’s a whole bunch of ways top reduce the cost of medical care besides forcing young healthy people to buy a product they don’t want or even need.