A rate cut for Detroit area doctors by the state's largest medical malpractice insurer is proof that Michigan's tort reform laws have been successful, the Michigan State Medical Society said today.
American Physicians Assurance Corporation, based in East Lansing, a wholly owned subsidiary of the publicly held American Physicians Capital Inc., has said that Wayne County physicians will see their rates reduced by an average of 13 percent as of the New Year.
The insurer said some doctors will see decreases of as much as 25 percent. On a statewide basis, the company said rates will drop by 6.5 percent on average in 2008.
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