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