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The discount rate (the mechanism courts use to calculate the size of lump sum compensation payable to claimants) has been reduced from 2.5% to -0.25%.
The rising cost of GP indemnity was already a cause for serious concern. This change has made matters much worse.
A large increase in the cost of GP indemnity subscriptions is simply not affordable.
Watch Dr Matthew Lee explain why rising clinical negligence claims are making GP indemnity unaffordable.
Any increase in subscriptions to fund this change is unaffordable.