California health insurance rate regulation to save medical industry $23 million


A rate regulation for California health insurance that was implemented about two months ago has already managed to save doctors and other medical care and service providers approximately $23 million from excessive premiums for malpractice coverage. This regulation was put into place by the California Department of Insurance and has managed to decrease the premiums that these medical professionals must pay by eliminating unjustified amounts that were being added to their malpractice coverage costs. The regulation authority put the rule into place by using prior approval. That said, while it…

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