Medical Professional Liability Insurers’ Profits Decline But Outlook Stable: A.M. Best

May 11, 2016

  • May 12, 2016 at 7:04 am
    Yogi Polar Berra says:
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    Only 3 patients waiting in the background in the picture? That pic must have been taken before the implementation of The ACA.

    • May 12, 2016 at 4:28 pm
      Agent says:
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      Good one Yogi. Nowadays after Obamacare, the cattle are lining up hoping to be seen. By the way, why are the doctors standing around when there are patients to be seen. When my wife had to go to the emergency room a few months ago, there was not even a doctor on duty. PA’s & Nurses. Oops.

      By the way, as another article pointed out, the third leading cause of death is Medical treatment mistakes. Can we say increased Med Mal premiums are on the horizon?

      • May 13, 2016 at 1:28 pm
        BS says:
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        Actually, the Med Mal market is, and has been soft for quite a while now. Right now, the Med Mal market has a glut of carriers. And with the major health systems merging and/or acquiring smaller practices, there are less and less policies to go around, so the market is incredibly competitive. Many carriers are actually cutting rates to keep they policies they do have.

        Although Johns Hopkins’ report does list medical errors as the third leasing cause of death in the US, the data they used to come to this conclusion was studies from 2000-2008 and admission rate information from 2013. While the Johns Hopkins report and CNA’s HPL Claim Report does provide great information, especially for hospital risk management teams; carriers would likely have already been aware of most of it, having been the ones that had to defend the claims. So, I don’t think this report is likely to affect their rates.

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