Medical Malpractice Insurance Cost

Medical malpractice insurance costs are a subject of great controversy these days. Insurance companies are constantly lobbying state governments, in the states where that is necessary, to approve rate hikes claiming their expenses are not being covered. However, some studies indicate that medical malpractice claims are down 45% since the year 2000. In addition, some studies show that medical malpractice premiums are lower than they have been in 30 years; while other studies confirm that medical malpractice profits are higher than those in any other professional industry. With all of this confusion, it's no wonder that it's difficult to get a consensus on tort reform. The truth is, when you are injured by medical provider negligence, you should call a medical malpractice attorney to make sure you receive the compensation you deserve. The vast majority of medical malpractice cases seek just that, the compensation the victim deserves, not high profile awards to set records and make headlines.

Fast Facts

  • The Institute of Medicine reports that bad prescriptions account for 400,000 preventable injuries every year.
  • On the other hand, there are 106,000 people every year who are injured due to adverse reactions to correct prescriptions.

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