The Costs of Medical Malpractice Lawsuits

Many healthcare providers dread the day they might receive a notice of misrepresentation from a disgruntled patient’s attorney. It’s essential to have healthcare liability insurance in Palm Beach. However, while affordable malpractice insurance such as medical staffing insurance protects you from liability in the event of a lawsuit, the overall costs of medical malpractice to the U.S. economy are staggering.

When you watch this video from CNN, you’ll hear two experts debating the merits of medical malpractice caps and discussing the pitfalls of defensive medicine. While medical malpractice payouts equal approximately $1.4 billion each year, defensive medicine has been shown to cost the U.S. economy far more in unnecessary medical expenditures. This video serves as a good reminder of the importance of regularly reviewing your healthcare liability insurance policy to ensure adequate coverage.

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