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Re: ??? Economic Losses from a Malpractice Suit ???From: DoctorJoe@aol.comTue Apr 23 14:56:38 2002
In a message dated 4/23/02 11:27:52, williammcintosh@msn.com writes: << 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. >> If you lived, for example, in a state with a $100,000 cap, you basically could have LOST two suits and still broken even. It makes sense (some places) to go "bare," but you can't. The hospitals won't let you have privileges unless you have proof of insurance. Want to guess why??? Joe P.
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