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Re: ??? Economic Losses from a Malpractice Suit ??? From: William McIntosh (williammcintosh@msn.com) Tue Apr 23 11:26:12 2002 Messages sorted by: [ date ][ thread ][ subject ][ author ] Next message: art fougner, md: "Re: cornual pregnancy" Previous message: DoctorJoe@aol.com: "Re: vulvar cancer" Maybe in reply to: Dr Don Miller: "??? Economic Losses from a Malpractice Suit ???" Next in thread: Dr Don Miller: "Re: ??? Economic Losses from a Malpractice Suit ???" Reply: Dr Don Miller: "Re: ??? Economic Losses from a Malpractice Suit ???" I have been paying malpractice insurance for 13 years now. I have been sued twice. At an average of about $30,000 a year (shortly to double according to our carrier), that is $195,000 per suit from the bottom line. I don't know about the rest of you, but that is a pretty substantial financial impact, leaving aside the horrific personal and professional tolls. Insurance is merely the vehicle for paying the lawyers and the settlements. We are the ones doing the paying, every last penny plus a bit for the insurance carrier to make a profit. William D McIntosh MD FACOG Clarksville, TN >----- Original Message ----- > On Monday, April 22, 2002, at 07:40 AM, Dr Don Miller wrote: > > > I wonder if others on this list would have an opinion (or better yet, > > data) about economic losses from a single malpractice suit. Although a > > single suit carries a personal and professional toll on those involved, > > it seems to me that the toll is primarily non-quantifiable in terms of > > dollars and cents and may in fact be negligible. We have insurance that > > pays for the lawyers and any settlements. Once sued we spend scores of > > hours reviewing, preparing, deposing, litigating, etc. each case but > > for the most part this is done off-hours on our personal time, or we > > have colleagues that cover for us, and our patients don't go away but > > simply reschedule. All of that doesn't influence our economic > > production, i.e. take us away from the every day business of generating > > revenue by seeing patients and doing procedures, and probably doesn't > > have a great effect on our bottom line (unless we lose our license to > > practice). We may think our time away from our families and diversions > > is worth something, but in economic terms, no one is going to reimburse > > us in cash for that. > > > > So, can we quantitate ANY economic losses from a single filed > > malpractice suit? > > Next message: art fougner, md: "Re: cornual pregnancy" Previous message: DoctorJoe@aol.com: "Re: vulvar cancer" Maybe in reply to: Dr Don Miller: "??? Economic Losses from a Malpractice Suit ???" Next in thread: Dr Don Miller: "Re: ??? Economic Losses from a Malpractice Suit ???" Reply: Dr Don Miller: "Re: ??? Economic Losses from a Malpractice Suit ???"

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