Malpractice insurers in US accused of cruel hoax

The American Association for Justice has published analysis that it claims reveals malpractice insurers “have long-played a cruel hoax on legislators and the public.” The AAJ said, “By systematically distorting profits and losses, insurers created phony ‘financial crises,’ so lawmakers would limit the legal rights of injured patients. Today, while premiums and health care costs skyrocket, malpractice insurers have average profits higher than 99 percent of Fortune 500 companies.”