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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.

  3. Non-economic damages caps - Wikipedia

    en.wikipedia.org/wiki/Non-economic_damages_caps

    Gottlieb Memorial Hospital, the Illinois Supreme Court ruled that Section 2-1706.5 of Public Act 94-677, which placed caps on non-economic damages in medical malpractice actions, violated the separation of powers clause in the Illinois Constitution and was therefore facially invalid. Additionally, because Public Act 94-677 contains an ...

  4. Medical malpractice in the United States - Wikipedia

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

    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]

  5. Defensive medicine - Wikipedia

    en.wikipedia.org/wiki/Defensive_medicine

    An analysis of a random sample of 1452 closed malpractice claims from five U.S. liability insurers showed that the average time between injury and resolution was 5 years. [10] Indemnity costs were $376 million, and defense administration cost $73 million, resulting in total costs of $449 million.

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

    www.aol.com/news/malpractice-insurance-prices...

    Even in states where laws protect minors’ access to gender-affirming care, malpractice insurance premiums are keeping small and independent clinics from treating patients.

  7. Patients with private insurance can face higher health costs ...

    www.aol.com/news/patients-private-insurance-face...

    A report published Monday from the Rand Corporation found that in 2022, the prices hospitals charged to private insurance providers were 254% higher than what Medicare would have paid for the same ...

  8. Relative value unit - Wikipedia

    en.wikipedia.org/wiki/Relative_value_unit

    On average, the proportion of costs for Medicare are 52%, 44% and 4%, respectively. [2] The three RVUs for a given service are each multiplied by a unique geographic practice cost index, referred to as the GPCI adjustment. The GPCI adjustment has been implemented to account for differences in wages and overhead costs across regions of the ...

  9. Medical Injury Compensation Reform Act - Wikipedia

    en.wikipedia.org/wiki/Medical_Injury...

    After 1988, the insurance premiums in California experienced a decrease. It is contested as to whether this decrease was a result of Proposition 103. Proposition 103 enacted Section 1861.01 of the California Insurance Code, which explicitly required the rollback of insurance premiums by "at least 20%". [10]

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