What does Medical Injury Compensation Reform Act of 1975 mean? Read on to discover the definition & meaning of the term Medical Injury Compensation Reform Act of 1975 - to help you better understand the language used in insurance policies.
Medical Injury Compensation Reform Act of 1975
A California tort reform act, passed in 1975, that may be replicated in other states. It has shown success in limiting the increases of medical malpractice costs. Several of MICRA's important features include: (1) non-economic damages that are capped for medical negligence at $250,000; (2) economic damages that are not capped; (3) damage limitations that are provided through the collateral source rule; (4) a sliding scale for lawyers' contingency fees; (5) a 90-day advance notice for filing a claim; and (6) a statute of limitations that requires notification within 1 year from discovery and within 3 years of the date of injury.
We hope the you have a better understanding of the meaning of Medical Injury Compensation Reform Act of 1975.