Tonight at 11, WUSA-9 reporter Jennifer Ryan will run a story about children in Virginia in desperate need of lifetime medical care. If you don't live in the D.C./Metro region, the story can be viewed here.
The commonwealth of Virginia is one of only two states where it is against the law to sue your doctor because of a strict malpractice cap. The doctors get away with this by paying $500 a year to the Virginia Birth-Related Injury Compensation Program. If you have a child who needs constant care for the duration of their life, this program will provide you with the financial assistance you need...for now.
Due to mismanagement and just general incompetence, this fund is in danger of running out of money. It is not uncommon for a family to spend between $20-30 million on a child that was injured during the delivery. As of now, this has yet to be addressed in Richmond.
Memo to the GOP: I know you wish America looked like Leave it to Beaver and Ozzie and Harriet, but the rest of us live in the real world. You say you're for family values? How about shocking us all and actually take care of families for a change? As Governor Kaine puts it, there are two options...fund the program or scrap the cap. And the next time you talk to your elected representatives, ask them why cockfighting and sticking it to trial lawyers is more important than a child who's suffering.
What gets me is that my doctors' office asks every patient for a "voluntary $10 donation" to help cover the "cost of malpractice insurance". They claim their rates have risen steeply. Really? How? Why? They're protected by this ridiculous cap and with the built in disincentives to medmal suits in this state I am perplexed (rather, suspicious) of this "rise" in insurance costs.
I looked up the Fortune 100 - it is heavy with insuance and financial service companies. Those companies aren't hurting. They are doing just fine.
Rank Company --------- 500 rank Revenues ($ millions)
1 American Intl. Group 9 108,905.0
2 Berkshire Hathaway -- 13 81,663.0
3 Allstate ------------- 58 35,383.0
4 Hartford Financial -- 78 27,083.0
5 St.Paul Travelers Cos-85 24,365.0
6 Nationwide ----------98 21,832.0
7 Liberty Mutual Ins.- 102 21,161.0
28 Markel ----------- 758 2,200.1
29 Commerce Group --- 837 1,884.4
30 Ohio Casualty ------894 1,702.4
31 Selective Insurance- 898 1,696.8
32 Ambac Financial Grp--911 1,661.7
33 HCC Insurance Holdings-918 1,644.3
34 MGIC Investment ------ 956 1,526.5
I am touched by a quote from a man whose daughter was killed by malpractice who won a lot of money. He was represented by John Edwards. When the press asked him what it felt like to get the "windfall" verdict, he replied, "Every day, when I visit my daughter's grave, it doesn't feel like a windfall."
buzz...buzz...