A report about medical malpractice insurance recently published by a former regulator prompted some readers–including Connecticut's attorney general–to conclude that insurers are plain greedy, but others saw it as evidence of rational behavior.
"Insurance company greed can be hazardous to our health," Connecticut Attorney General Richard Blumenthal charged, reacting to the report commissioned by the New York-based Center for Justice & Democracy.
The title of the report, authored by Former Missouri Insurance Commissioner Jay Angoff–"Falling Claims and Rising Premiums In The Medical Malpractice Insurance Industry"–reveals its main conclusion: that insurers have benefited from a drop in claims, while overcharging doctors and hospitals.
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