medical inflation Archives

MICRA Evolution: A New Dawn for Medical Malpractice Compensation

Arsine Khayoyan October 17, 2023

Since its establishment in 1975, the Medical Injury Compensation Reform Act (MICRA) has been a cornerstone of California’s legal landscape, particularly in the realm of medical malpractice litigation. At the heart of this legislation was a contentious $250,000 cap on non-economic damages, including pain and suffering. However, in 2022, California’s legal landscape witnessed a significant […]

Understanding the Impact of Medical Inflation on Life Care Plans in Personal Injury Matters

Arsine Khayoyan April 5, 2023

Medical inflation and the Consumer Price Index (CPI) have a long-standing relationship that has been of great concern for policymakers, healthcare providers, and consumers alike. Medical inflation refers to the increase in the cost of medical services and products over time, while the CPI is a measure of the average change in prices over time […]