Saturday, October 23, 2010

What percent of a doctor's income go toward malpractice insurance?

What percent of a doctor's income go toward malpractice insurance?
Every state and every practice has different rates. But as far as coverage its around 2-3 million. Its not a percentage of their pay its something they purchase and for an
OB-GYN practice, this year the premium is 84,000.00 annually. But it increases with every hot year, and if they get sued it raise their premium and its harder for them to get the coverage because they become a liability. Get it? Its almost approaching car insurance...
A lot, depends on type of doc. At tiniest a thousand a month I think.
It is almost $80,000 a year.
It depends on the type of practice, the specialization, the claims record of the doctor, the amount of his gross income and the City and State within which he practices. In general, however, a typical doctor surrounded by a large city have to dedicate between 10% and 30% of his gross income to medical malpractice insurance.
It depends on the type of doctor. OB/GYN take-home pay the most and it is over half their gross. That is who you occasionally see a OB in privet practice. As a group they are competent to get group rates. Maybe if general public would stop filing silly lawsuits our doctors could lower their cost. In Lexington KY a few years ago a woman sued her ob/gyn for putting the initials of his Med college on her uterus after it was removed from her body. This be done for Dr. Identification in the footprints lab (as he has a brother who is also an ob/gyn. He other video typed his surgery to show the patient afterwords and when she saw the markings she said it call mental distress. What a pile of S H it!

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