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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]
The Doctors Company claims to be the largest physician-owned medical malpractice insurer in the U.S., with 80,000 insureds nationwide, $6.2 billion in assets, $2.3 billion in member surplus, and a financial strength rating of A from A. M. Best and Fitch Ratings in fiscal year 2020.
Doctors' groups, patients, and insurance companies have criticized medical malpractice litigation as expensive, adversarial, unpredictable, and inefficient. They claim that the cost of medical malpractice litigation in the United States has steadily increased at almost 12 percent annually since 1975. [26]
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.
You're not feeling well, but you don't want to see your doctor, you have to take time off work, travel some distance, or subject yourself to a test, examination or medication you're not sure you ...
Defensive medicine is a reaction to the rising costs of malpractice insurance premiums and patients’ biases on suing for missed or delayed diagnosis or treatment but not for being overdiagnosed. Physicians in the United States are at highest risk of being sued, and overtreatment is common. The number of lawsuits against physicians in the USA ...
Medicare Advantage PPO plans have a network of providers such as doctors that cost less than other out-of-network providers. Learn more in this article. What to know about Medicare Advantage MSA plans
The information Healthgrades provides includes information on doctors' board certifications, types of procedures offered, and which insurance plans offices accept. [ 7 ] [ 26 ] However, information such as healthcare provider degrees is often inaccurate on the site, significantly limiting its use and raising concern that other information on ...
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