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  2. MedPro Group - Wikipedia

    en.wikipedia.org/wiki/MedPro_Group

    MedPro Group traces its roots back to a predecessor company, the Physicians’ Guarantee Company. Alpheus P. Buchman, MD and Miles F. Porter, MD, both of Fort Wayne, Indiana, formed the Physicians' Guarantee Company in 1899 to provide pre-paid legal service for medical malpractice lawsuits. [1]

  3. Medical malpractice in the United States - Wikipedia

    en.wikipedia.org/wiki/Medical_malpractice_in_the...

    The act limited non-economic damages (e.g., damages for pain and suffering) in most malpractice cases to $250,000 across all healthcare providers and $250,000 for healthcare facilities, with a limit of two facilities per claim. [43] [44] As of 2013, Texas was one of 31 states to cap non-economic damages. [43]

  4. Resource-based relative value scale - Wikipedia

    en.wikipedia.org/wiki/Resource-based_relative...

    Using the 2005 Conversion Factor of $37.90, Medicare paid 1.57 * $37.90 for each 99213 performed, or $59.50. Most specialties charge 200–400% of Medicare rates for their procedures and collect between 50 and 80% of those charges, after contractual adjustments and write-offs. [citation needed]

  5. Unnecessary health care - Wikipedia

    en.wikipedia.org/wiki/Unnecessary_health_care

    Unnecessary health care (overutilization, overuse, or overtreatment) is health care provided with a higher volume or cost than is appropriate. [1] In the United States, where health care costs are the highest as a percentage of GDP, overuse was the predominant factor in its expense, accounting for about a third of its health care spending ($750 billion out of $2.6 trillion) in 2012.

  6. What does Medicare Part B cover? Here’s a rundown of costs ...

    www.aol.com/finance/does-medicare-part-b-cover...

    December 9, 2024 at 10:02 AM. ... Many people with Traditional Medicare buy Medigap, or Medicare Supplement Insurance policies, to assist with their out-of-pocket Part B costs. But you must be ...

  7. Medicare and Social Security funding: FICA taxes and trust ...

    www.aol.com/finance/medicare-social-security...

    The Hospital Insurance Trust Fund will be able to pay all scheduled benefits until 2031, according to the Social Security and Medicare Boards of Trustees 2023 Annual Report.

  8. The extra cost of malpractice lawsuits is a proportion of health spending in both the U.S. (1.7% in 2002) [112] and Canada (0.27% in 2001 or $237 million). In Canada the total cost of settlements, legal fees, and insurance comes to $4 per person each year, [113] but in the United States it is over $16.

  9. A comprehensive guide to small business insurance: Here’s how ...

    www.aol.com/finance/comprehensive-guide-small...

    Contact an agent or broker: Once you know what kind of insurance you need, you can reach out to commercial insurance brokers or company agents to get exact pricing details and purchase a policy.

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