Future of Nurse Practitioner

Nursing

Who is LAMMICO?

LAMMICO is an insurance company that covers medical professional liability. They help clinical and medical practitioners to choose services and packages that best suit their needs (lammico.com/why-lammico, 2015)

Why should I be interested in LAMMICO for my future Nurse Practitioner Practice?

LAMMICO is one of those few medical insurance agencies that offers the full package on medical liability issues. For example, the firm offers risk management resources which include online programs and live lectures to teach their clients (a nurse and health care practitioners) on how to avoid claims. They also have a very aggressive team of lawyers that closes approximately 90% of their cases with no settlement payments; this coupled with their personalized claim handling means that as a firm they really take their clients seriously and can help one to continue practicing even with false or shaky medical liability claims. In fact, their work ethic is so good that they have been able to retain about 95% of their policy holders.

LAMMICO also offers several discounts that make them a more affordable company for liability coverage. Indeed, they do give a 10% credit to the basic limits component of its premium. In situations where the firm experiences good financial results, they give their clients a portion of their cost savings in terms of dividends (lammico.com/why-lammico, 2015).

Why would I need the firm?

The Louisiana MMA (Medical Malpractice Act) limits malpractice liability for health care providers to half a million dollars for both economic and non-economic damages. In a 2006 case titled Arrington v. ER Physicians Group that was heard at the Louisiana Third Circuit Court of Appeals, advocates questioned if the half million limit prescribed by the MMA was constitutional in cases where the plaintiffs had been seriously injured.

In a split ruling, the Appeals court ruled that the limit was unconstitutional. However, the decisions of the Appeals court had only legal ramifications for parishes that were under the authority of the Third Circuit court. The court reached the conclusion when it found that the constitution of the state of Louisiana guarantees every individual to have a sufficient remedy by justice and the loss for any injury that has been caused to him, his reputation, property, or any other rights in the land.

Basing their argument on that section of the constitution the court stated that the cap placed by the Louisiana MMA was not constitutional since it could not provide for sufficient remedy in cases where medical injuries exceeded the half a million dollars cap, thereby denying such individuals the due process of the justice and law. The ruling however continues to be debated and has been appealed to the state's Supreme Court.