NEW YORK -- The malpractice insurance problem continues to dramatically impact healthcare providers. Affordability and availability of healthcare professional liability coverage is a serious issue for all buyers, whether they are institutional, individual providers, or health plans. Premiums have skyrocketed as claims severity continues to rise. Soaring numbers of large malpractice verdicts and settlements are the cause. In July of this year, the U.S. General Accounting Office issued a report finding that "...increased losses appeared to be the greatest contributor to increased premium rates..."
Posted by Editor at October 16, 2003 10:48 AM