We Need This in Illinois
April 26, 2007
Colorado Springs Business Journal
A bill being considered by the Colorado General Assembly would either provide more transparency about medical malpractice insurance for consumers, or would drive doctors out of Colorado — depending on whom you ask.
Senate Bill 248 is known as the “disclosure bill” to the Colorado Trial Lawyers Association, which is supporting the bill. It would require insurance companies that serve more than 65 percent of the market to publicly announce rate changes of more than 5 percent. “Any qualified person” could request a public hearing at the Department of Insurance to challenge the rate adjustment.