Responsibly Modernizing Medical Liability Caps
Support HB 24-1472
Bipartisan legislation – HB 24-1472 – preserves and increases the cap on non-economic damages that can be awarded to injured individuals or through a wrongful death action. This approach ensures that consumers are compensated for injuries and deaths resulting from negligent activity, while at the same time, protecting access to health care services and preventing major increases in the cost of consumer insurance policies like insurance. Key legislative components include:
- Medical Liability: Over a five-year implementation period, increase the non-economic damages cap from the current $300,000 to $875,000 and establish a new and separate wrongful death award capped at $1.575 million. Starting in 2030, the caps will be automatically adjusted for inflation every two years.
- General Liability: Increase in the non-economic damages cap from the current $729k to $1.5 million and wrongful death cap from the current $642k to $2.125 million. Starting in 2028, the caps will be automatically adjusted for inflation every two years.