Noneconomic damages; revise to include an annual inflationary rate.

HB 1116 would adjust Mississippi's caps on noneconomic damages (such as pain, suffering, or loss of enjoyment of life) by requiring the maximum award amounts to increase annually by 8% compounded, starting July 1, 2026. This applies to the current limits of $500,000 for medical malpractice cases and $1,000,000 for other civil cases, ensuring these caps keep pace with inflation over time. The bill, which died in committee in 2026, did not become law.