Lately, there has been a great deal of press given to medical malpractice damage caps and the part they play in reducing health care costs. However, people forget that damage caps would result in patients losing the benefit of the market oversight and penalties associated with malpractice underwriting. Capping liability could reduce the private market efforts to investigate the risk characteristics of the individuals they insure. Also, medical malpractice caps would harm injured patients. Instead, experts state that managed-care arrangements would be more useful in achieving the goals of lowering health care. They would allow medical professional liability insurance underwriters to continue to provide both oversight and penalties for medical negligence and substandard care. By setting up appropriate incentives, medical professional liability insurance can contribute to consumer protection in the market of physician services without taking away a patient’s rights. Putting caps on damages will only inhibit these efforts and hurt victims of medical negligence. To read more about the medical negligence, please click the link.