Today, Crain’s New York Business published a letter to the editor written by LRANY Execuitve Director, Thomas B. Stebbins. This letter focused on the need for medical liability reform in our state as numerous hospitals are closing under the crushing cost of medial liability insurance due to the high risk imposed on practitioners by the current legal climate.
“News that city hospitals need a billion dollars to stay solvent is no surprise (“New York City hospitals hit up state, feds for another $1 billion,” May 20). For years, hospitals in the city have been closing under the crushing weight of medical liability insurance costs.
It doesn’t have to be this way. New York’s medical liability insurance costs are the highest in the nation by a truly shocking margin, due in large part to the trial lawyers’ control of state policy in Albany. The trial lawyers’ lobbyists work to expand liability for doctors and hospitals and prevent many of the reasonable reforms undertaken by other states to control litigation costs.”