Medical Injury Compensation Reform Act
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The Medical Injury Compensation Reform Act (MICRA) of 1975 was a California law designed lower medical malpractice premiums for Californians.
[edit] Parts
Micra Consists of the following parts:
- Damage Caps - non-econmic damages are limited to $250,000
- Attorney Fees - attorney fees that are taken from the amount of the settlement are limited.
- Time Limits - older suits are banned
- Binding Arbitration
- Periodic Payments - doctors are allowed to pay the award over time
[edit] Results
After 1985, the insurance premiums in California experienced a dramatic decrease. However, it is contested as to whether this decrease was a result of proposition 103 a similar reform bill passed a few years later.