The writer states that malpractice rates are not going up but we are in the middle of a hard market and rates have been increasing every year for the past few years. Not sure that is a responsible take.
The entire paragraph seems like a responsible take. How else should it have been expressed that rates are not going down? The paragraph began with that in bold and ends saying rates are expected to be flat in the first 2 quarters of 2021. How else should it have been written?
Medical malpractice insurance rates aren’t going down – but they aren’t going up either. Many insurance providers for other verticals (auto, homeowners) offered discounts to their customers to help cope with the 2020 pandemic. This was not the case for medical malpractice insurance. Rates for neurosurgeons, orthopedic surgeons, plastic surgeons and bariatric surgeons maintained at their pre-pandemic prices. However, the onslaught of elective surgeries did not cause a rise in rates for surgical coverage, and rates are expected to be flat over the first two quarters of 2021.
There are many errors in this article. The irrefutable facts are that most, if not all, medical malpractice insurers offered premium credits to surgeons and other doctors who had to cut back their practice hours and / or procedures after the March 2020 lockdowns. On top of that the writer misses completely that the med mal insurance market is hardening quickly for all of the specialties he lists and all others, at least here in Florida, with rates increasing and underwriting becoming much stricter. This was all happening pre-pandemic and is still going on now in March of 2021, and will likely continue for some more years unless the courts shut down again, which seems now very unlikely.
The writer states that malpractice rates are not going up but we are in the middle of a hard market and rates have been increasing every year for the past few years. Not sure that is a responsible take.
The entire paragraph seems like a responsible take. How else should it have been expressed that rates are not going down? The paragraph began with that in bold and ends saying rates are expected to be flat in the first 2 quarters of 2021. How else should it have been written?
Medical malpractice insurance rates aren’t going down – but they aren’t going up either. Many insurance providers for other verticals (auto, homeowners) offered discounts to their customers to help cope with the 2020 pandemic. This was not the case for medical malpractice insurance. Rates for neurosurgeons, orthopedic surgeons, plastic surgeons and bariatric surgeons maintained at their pre-pandemic prices. However, the onslaught of elective surgeries did not cause a rise in rates for surgical coverage, and rates are expected to be flat over the first two quarters of 2021.
There are many errors in this article. The irrefutable facts are that most, if not all, medical malpractice insurers offered premium credits to surgeons and other doctors who had to cut back their practice hours and / or procedures after the March 2020 lockdowns. On top of that the writer misses completely that the med mal insurance market is hardening quickly for all of the specialties he lists and all others, at least here in Florida, with rates increasing and underwriting becoming much stricter. This was all happening pre-pandemic and is still going on now in March of 2021, and will likely continue for some more years unless the courts shut down again, which seems now very unlikely.