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Re: Bitter medicine From: Douglas Krell (dkrell@msn.com) Mon Jun 30 11:56:13 2003 Messages sorted by: [ date ][ thread ][ subject ][ author ] Next message: Gail Waldby: "Re: Bitter medicine" Previous message: Charlie Chambers: "Re: plea changes to list" Maybe in reply to: rmodugno@aol.com: "Bitter medicine" Next in thread: Myer Bornstein: "Re: Bitter medicine" Reply: Myer Bornstein: "Re: Bitter medicine" Glenn, In what state was your practice? If I were you I would be on the Governor's doorstep with a camera and crew from a local TV station. Another option might be to go into general medical practice. Then your insurance might only be 20,000/year. Douglas Krell MD FACOG >From: ENDODOK@aol.com >Reply-To: ob-gyn-l@obgyn.net >To: Multiple recipients of list OB-GYN-L <ob-gyn-l@dns.obgyn.net> >Subject: Re: Bitter medicine >Date: Mon, 30 Jun 2003 11:35:23 -0500 > > After 32 years of practice, I folded my tent 2 weeks ago. Our >former >carrier withdrew our coverage. A new carrier was found, but with nose >coverage >plus the annual premium, the first year premium was $198,000. ( this was >reportedly a "mature" policy). This was projected to be a "stable" annual >premium, >however it raised our practice overhead to 80%, and this was the best >scenario our CFO could project. This required a massive cutback in >staffing, >posssible increased hours of operation etc. As you all know, the projection >for >liability carriers losses is enormous, and the " De facto, insolvancy" of >the >liabilty industry is a possibility . Do read the lead article in Time ( >6/9/03 ). >The outlook for improvement in premium rates for physicians is grim. > The toll of this decision is profound, and my family is devastated >. I >was given one day to choose to (1) leave totally medical practice, and tail >coverage was free, or (2) accept the new policy with its unpredictability, >and >costs. Unless true liability reform occurs, the lack of affordable coverage >, >or the unavailability of any coverage will shut down medical practice as we >know it. > >J.Glenn Bradley MD Next message: Gail Waldby: "Re: Bitter medicine" Previous message: Charlie Chambers: "Re: plea changes to list" Maybe in reply to: rmodugno@aol.com: "Bitter medicine" Next in thread: Myer Bornstein: "Re: Bitter medicine" Reply: Myer Bornstein: "Re: Bitter medicine"

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