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Blue Waters Consulting, LLC Alternative Risk Financing Opportunities |
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The
Medical Malpractice
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The cost of
medical malpractice insurance or medical liability insurance for
physicians and hospitals has risen dramatically and continues to rise.
Providers have been reeling from the effects of the medical malpractice
insurance crisis. Medical liability insurance carriers are getting out of
the market, leaving either a few carriers with extremely high rates or no
carriers at all. The carriers that remain are quoting physician’s and
hospital’s rates that are double or triple those of the previous year.
The loss of affordable medical malpractice insurance for providers could
eventually turn into a loss of affordable, accessible, healthcare
especially for high risk medical specialties such as obstetrics and
neurosurgery, or in communities that are already designated as being
medically underserved. High rates are not just limited to doctors and
hospitals, trauma centers, birthing centers and nursing homes are in
jeopardy of closing because no entity can afford the insurance necessary
to remain open.
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