The State Volunteer Mutual Insurance Company is a policyholder owned mutual company with no outside investors. So I think they don't have a huge incentive to go out and gouge the communities or patients. It is mutually owned by physicians throughout the State. In the letter to me, I read further: Senator Frist, doctors and hospitals in Tennessee are dedicated to providing excellent care to our state's population. But at a time when health care reimbursements are shrinking, and professional liability costs are dramatically increasing, doctors in Tennessee believe that Congress should enact some common sense tort reform that will preserve citizens' access to health care and compensate them for their actual economic damages caused by negligence, while modifying the current system of unlimited liability that doctors and other health care professionals and institutions currently face. This letter was written by Steven C. Williams, president and CEO of the insurance company, but also representing 80 percent of the physicians in Tennessee, calling for sensible reform, for moderate reform, reform that does not go overboard. That is what the McConnell medical malpractice amendment indeed does. What is most important is what is happening to patients. Patients are suffering under the current system. It is a runaway train.
Editor's note · Context
Discussing the need for tort reform in healthcare during a Senate floor speech.
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