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Democrats Propose Bill to Regulate Insurance Premiums

Democrats in Jefferson City have introduced their plan to take on the hot button issue of medical malpractice rates. Tim Carnahan has more from the State Capitol

Flanked by state democratic leaders, Saint Louis Senator Joan Bray introduced her plan to slow the growth of medical malpractice insurance premiums. Under the plan, companies wanting to raise rates by more than fifteen percent would have to prove the hike was needed. Demoratic Floor Leader Maida Coleman says insurance companies need to be held accountable for their rates.

But, with solid majorities in the House and Senate, Republicans plan to submit a bill of their own. That bill would limit lawsuits, not insurance companies, and is more likely to become law. From the State Capitol, I'm Tim Carnahan

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State Democrats in Jefferson City pitched their plan to lower malpractice premiums, and insurance companies could feel the pinch. Tim Carnahan has more from the State Capitol.

Flanked by Democratic party leaders, Saint Louis Senator Joan Bray introduced her plan to slow the growth of medical malpractice insurance premiums. Under this plan, companies wanting to raise rates by more than fifteen percent would have to prove the hike was needed. Democratic Floor Leader Maida Coleman says insurance companies, not lawsuits are the problem.

State Republicans disgaree and say they plan to use their majorities in the House and Senate to pass a plan limiting lawsuits, not insurance companies. Senate Judiciary Committee Chairman Matt Bartle says the Democratic bill will be given a full hearing, but is worried that restrictions could drive insurance companies from Missouri.

From the State Capitol, I'm Tim Carnahan.