MI SB1115

Caps noneconomic damages in medical malpractice cases at $280,000, or $500,000 if plaintiff suffers permanent loss of limb function, cognitive impairment, or reproductive capacity.

Requires courts to itemize damages separately into economic and noneconomic categories in medical malpractice actions.

Reduces damages by plaintiff's percentage of comparative fault; if plaintiff's fault exceeds other defendants' fault, noneconomic damages are not awarded.

Establishes procedures for entering judgments in medical malpractice cases, applying damage caps proportionally across past and future noneconomic damages and reducing for settlement payments from joint tortfeasors.

Requires defendants to purchase annuity contracts to satisfy future damages exceeding $250,000 in gross present cash value, calculated at 5% annual compounding.