House Passes Malpractice Limits

House Passes Bill to Limit Damages for Medical Malpractice

Legislation that would limit damages for medical malpractice has passed the House for the third consecutive year.

The bill, approved Thursday by a vote of 230-194, would cap awards for pain and suffering at $250,000. There would be no limit on economic damages, which provide reimbursement for such expenses as medical bills and lost wages. Finally, the bill would in many cases cap punitive damages at $250,000.

For more information, go to http://www.cnn.com/2005/POLITICS/07/29/damage.limits.ap/index.html

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA for Physicians