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Wednesday, February 16, 2005
Award caps not solution to tort reform problem
Macon Telegraph | 01/09/2005 | Award caps not solution to tort reform problem: "GeorgiaWatch, a consumer interest group that opposes caps, also points to a statement made by the nation's largest malpractice insurer in a Texas rate hike case: 'Non-economic damages are a small percentage of total losses paid. Capping non-economic damages will show loss savings of 1 percent.' Texas, like California and 30 other states, has passed a cap ($250,000 in Texas) but has not seen significant reductions or even a holding pattern on malpractice premiums."
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