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  2. Medical malpractice payouts are ballooning—and insurers are ...

    www.aol.com/finance/medical-malpractice-payouts...

    From 2013 to 2023, the American court system saw a roughly 67% increase in the number of medical malpractice verdicts awarding $10 million or more.Last year, more than half of these verdicts ...

  3. Medical malpractice in the United States - Wikipedia

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

    Following 2003, medical malpractice insurance rates were reduced in Texas. [ 43 ] [ 45 ] However, the Center for Justice & Democracy at New York Law School reports that rate reductions are likely attributable not to tort laws, but because of broader trends, such as "political pressure, the size of prior rate hikes, and the impact of the ...

  4. 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.

  5. Malpractice Insurance Prices Are Stopping Small Clinics From ...

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    In March 2022, The Texas Tribune reported that one Texas doctor had stopped offering care because his malpractice provider had stopped covering hormone therapy for minors. Extending statutes of ...

  6. MedPro Group - Wikipedia

    en.wikipedia.org/wiki/MedPro_Group

    1910 – Medical Protective expands coverage to include indemnity coverage. Medical Protective offers medical professional liability insurance policies with limits of $5,000/$15,000 for $15 a year. [7] 1913 – PDC merges with Medical Protective.

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

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

    Starting your own business requires a significant investment of both time and money. Millions of people continue to step up to the challenge with 33 million small businesses active in the U.S. as ...

  8. Tort reform - Wikipedia

    en.wikipedia.org/wiki/Tort_reform

    Zeiler et al. Physicians' Insurance Limits and Malpractice Payments: Evidence from Texas Closed Claims, 1990–2003, Journal of Legal Studies 36:S2 (June 2007) Black et al. Do Defendants Pay What Juries Award? Post-Verdict Haircuts in Texas Medical Malpractice Cases, 1988–2003, Journal of Empirical Legal Studies 4:3 (March 2007).

  9. Resource-based relative value scale - Wikipedia

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

    The RBRVS for each CPT code is determined using three separate factors: physician work, practice expense, and malpractice expense. The average relative weights of these are: physician work (52%), practice expense (44%), malpractice expense (4%). [2] A method to determine the physician work value was the primary contribution made by the Hsiao study.

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