Malpractice

Malpractice Medical malpractice insurance covers doctors and other professionals in the medical field for liability claims arising from their treatment of patients. Initially there was very low occurrence of doctors who were sued in the 50’s, 60’s and 70’s, due to malpractice. Malpractice insurance was optional to purchase and a lot of doctors did not chose to carry it. The common price for insurance in the 60’s was a couple thousand dollars a year for millions of dollars of coverage. Over the years there were laws introduced by attorneys that made medical malpractice insurance mandatory. Many states felt that this was for the benefit of the patients who were wronged. At that point the amount of insurance premiums increased the number of law suits increased and the amount of judgments increased. In the last 10 years in Florida the rate of malpractice insurance for a specialist has gone from $6,000 to $8,000 in 1990 for one million to three million dollars coverage, to $18,000 in 1995, to $24,000 in 1999, to $36,000 in 2001, and to $105,000 in 2003. At this point the purchase of malpractice insurance is extremely expensive to the physician. The inability to insurance, doctors, malpractice, patients, party, injured, suffering, recovery, pain, increased, dollars, attorneys, advertising, suits, medical, law, fees, been, amount, years, while, very, state, stabilize, shown, recovering, recover, purchase, point, one, now, million, made, lucrative, limit