Why malpractice lawsuits are rarer but more expensive than ever
Doctors are sued far less often than they were 25 years ago, but the average malpractice payout has never been higher. Robert E. White, Jr., president of The Doctors Company, has spent 58 years in malpractice insurance. This episode is based on his article "Why medical malpractice claims cost more than ever," published on KevinMD. You'll hear why he thinks tort reform and a patient safety push that began in 1999 drove lawsuits down. He explains how nuclear verdicts of $10 million or more raise the average settlement, even though they get settled for less. You'll also learn why insurers now pay on more of the claims that are filed, keeping pressure on premiums. He warns that obstetricians and other high-risk specialists may drop parts of their practice if premiums climb, leaving patients without care. He asks physicians to answer the call when organized medicine pushes for reform. Hear what patients say when asked why they sued, and why more time with them could head off many cases.
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