Patients Share Responsibility for High Health Care Costs: Structured Settlements Benefit Most, According to AIRAC Survey Findings

February 1984
Risk Management (00355593);Feb84, Vol. 31 Issue 2, p82
Trade Publication
This article highlights the surveys conducted by All-Industry Research Advisory Council (AIRAC) in the U.S. health care and insurance industries. The American public believes that patients are responsible, in part, for the rising number of lawsuits against doctors and hospitals. However, most think it more appropriate to impose restrictions on doctors and lawyers than on patients. These are just brief samplings of the findings of the AIRAC survey. As to possible measures to reduce medical expenses, 75 percent cited second medical opinions before surgery as a good idea while 22 percent reported that it was probably a good idea. Another study conducted by AIRAC found that it pays for accident victims to bargain for a guaranteed income, instead of accepting a lump sum insurance payment for their injuries. Fifty-four major insurance companies were polled, of which 52 reported use of structured settlements. Ten companies claimed no minimum requirements, 13 confined use of such plans to claims involving payments of at least 1,000 to 10,000 dollars, 19 stipulated a range of from 20,000 to 50,000 dollars and nine offered them only for cases over 50,000 dollars.


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