My Medical Malpractice Insurance

September 2, 2010

Cincinnati Bengals criticized for medical handling of Rashad Jeanty, could result in a med-mal case

Side note: Even the NFL is not immune to the threat of medical malpractice. Recently linebacker Rashad Jeanty was cut by the Cincinnati Bengals because he was not able to pass his physical. Jeanty’s agent claims that the reason his player is unable to pass his physical is do to a lingering condition stemming from a misdiagnosis of an injury sustained in last years play-off game. He claims that the injury has greatly diminished Jeantry’s value as a free agent and that a medical malpractice lawsuit against the Bengals is not out of the question. Of course we at the nation’s top med-mal insurance site for physicians does not know the details of this case…..but we do know that we live in an extreme litigious climate, and since jury’s have a tendency to vote out of emotion rather then fact (personal experience on being on a medical malpractice insurance case years before I joined this company), lawyers have a tendency to want to try these types of cases more then others. A few of us on the jury did agree that if there were strict penalties for lawyers who tried frivolous cases, then not only would our courts be freed up to deal with more important cases, but that would also lead to lower medical malpractice insurance costs, which would then lead to lower percentages of physicians practicing defensive medicine….which would then lead to lower healthcare costs. I know that’s a mouthful…..but during deliberation, we spoke about how easy the fix seems to be. Unfortunately, our government moves at a snail’s pace, and nothing ever seems to get accomplished. If you are looking to lower your costs during these economic times, get a free medical malpractice insurance quote for us, we not only will save you money, but we’ll show you what a knowledgeable agent can do for you.

Posted by Gregg Rosenthal
It’s been a rough week for the Bengals medical staff.

One day after the team had to admit a very expensive mistake with Antonio Bryant, the agent for deposed linebacker Rashad Jeanty sharply criticized how the team handled his client this off-season.

Jeanty fractured his fibula in the playoffs last year, and the team initially told him he didn’t need surgery. When Jeanty visited Miami as a restricted free agent, the Dolphins told him he would need major surgery on his ankle to stabilize his leg, according to Joe Reedy of the Cincinnati Enquirer.

The Dolphins lost interest, and Jeanty underwent the surgery shortly thereafter. On Monday, the Bengals waived Jeanty for failing a physical.

“It’s tremendously disappointing on the way this has been handled,” his agent David Canter told Reedy. “We don’t see how the Cincinnati Bengals can do this without any inclination that this was even a possibility.

Read the Rest of the Article

Medical malpractice debated while doctor shortage continues in N.J.

Side note: Doctors and key medical groups in New Jersey say the time for medical malpractice reform is now. They blame the state’s shortage of doctors on out of control medical malpractice litigation. Proponents of reform claim that the state’s current malpractice laws leave one of the state’s largest employers, the pharmaceutical companies, in jeopardy of litigation. They also blame the liberal laws for driving the medical malpractice insurance premiums for doctors’ sky high. All physicians are encouraged to request a free medical malpractice insurance quote. We have the lowest prices available nationwide, you can switch anytime! Current medical malpractice rates for New Jersey can be found at mymedicalmalpracticeinsurance.com.

New Jersey News Room
Thursday, 12 August 2010

With New Jersey facing a worsening shortage of physicians, key medical and business groups say it’s time for the Legislature and Gov. Christie’s to take action on medical malpractice reform.

Proponents of reform, such as the New Jersey Lawsuit Reform Alliance and the New Jersey Hospital Association, are stepping up their lobbying, according to an article at NJSpotlight.com. They blame the current laws with for skyrocketing malpractice insurance premiums, forcing doctors out of the state. And they claim that New Jersey’s largest employer, pharmaceutical companies, are plagued because they are often named in malpractice lawsuits filed in the state.

Read Rest of Article

August 31, 2010

Even with malpractice insurance, doctors opt for expensive, defensive medicine

side note: This is unfortunately all too common among doctors in our country. I’d say most, if not all people who want to end up in medicine get in for the right reasons: they want to help people. We live in a world however that is filled with lawsuits and lawyers….that will for the most part, take on any case, even if they themselves believe it’s without merit. This leads to the 83% of frivolous lawsuits that are put through our legal system each year. We are at a crossroads in regards to our health care……the costs are spiraling out of control, and one of the first steps we can take is to help protect our physicians, doctors and other healthcare professionals from unfair lawsuits. This leads the doctors to perform unnecessary tests….etc, which leads to more expensive healthcare costs…..and when you start doing this to most people…..the costs are staggering! Defensive Medicine…or CYA medicine (Cover Your Ass) needs to be addressed! If it is….then other things such as frivolous lawsuits will start to decline…along with healthcare costs. That will lead to lower medical malpractice insurance costs for doctors.

By Manoj Jain
Special to The Washington Post

Doctor learns that a medical malpractice claim is being filed against him.  Will this raise the cost of his medical malpractice insurance? Will this cause him to practice defensive medicine?Some months ago, the receptionist in my clinic handed me a registered letter. The name of the sender seemed familiar. “Dear Sir,” the letter read. “Please be advised that this letter serves as official notice that I am considering a potential claim against you in a medical Malpractice claim in regard to my husband. . . .” I stood, stunned. My white coat, which held the daily tools of my profession — my list of patients, the Sanford antibiotic manual, a black stethoscope — felt extraordinarily heavy.

While my receptionist and staff made themselves busy and waited for my reaction, I struggled to recall the patient, so many patients ago . . . and my alleged misdeed. I checked the administrative data, which showed that the man had died about a year before. Had I missed a lab test among the hundreds that I order each week? Had I failed to read a blood culture report? Had some error of mine resulted in his death?

I generally think of myself as a confident and conscientious practitioner, but my pulse was racing and my palms were moist as I reviewed the patient’s hospital chart that afternoon. He had been a man in his late 60s with a bacterial infection in his lungs. I checked the reports on all the cultures I had ordered: blood, urine, sputum. Then I checked the antibiotics I had prescribed. There was no mismatch; he had been on appropriate treatment. I asked another doctor to double-check me.

Had I been negligent? No.

I was relieved — but still accused. More important, the letter made me reflect on the paradoxes of our medical malpractice system.

Most malpractice suits turn out to be against doctors who were not at fault. Of every 100 malpractice claims filed, only 17 appeared to involve a negligent injury, such as a medication overdose resulting in death, according to a 2004 New England Journal of Medicine review.

This means that patients and lawyers appear to be suing the doctors and hospitals for non-negligent injury 83 percent of the time.

READ REST OF ARTICLE

August 13, 2010

Nevada’s Sharron Angle says there is nothing wrong with the U.S. health care system

Side note: Must be an election year! One of the biggest races shaping up this year is the Senatorial seat currently being held by the powerful Senate Majority Leader, Harry Reid. His primary challenger, Sharron Angle, the Republican candidate, wants to repeal the Affordable Care Act. Candidate Angle believes that heath care can be made affordable by implementing tort-reform. The Congressional Budget Office (CBO), agrees with her. The CBO claims in a recent report that $50 billion could be saved over a ten year period if lawmakers implemented tort reform to lower the cost of medical malpractice insurance. Nevada is a state that has implemented caps on it medial malpractice insurance awards but the legislation is currently being looked at by the courts. Physician in Nevada do pay quite a bit for their medical malpractice insurance compared to the rest of the nation. For example, an OB/Gyn in Nevada (Clark County) paid $132,620 over a one year period if they purchased med-mal insurance from PIC Wisconsin.

Sheila Guilloton
Health Care Examiner

Sharron Angle, the Republican candidate trying to unseat Harry Reid, said that there is nothing wrong with the U.S. health care system. Speaking with reporter Marco Villarreal from KTNV Action News, Angle said that the U.S. has “the best healthcare system in the world.” She went on to say that “our doctors are the best.”

Wants the federal health care reform law repealed

On her official website, the candidate proposes the following solutions for health care.

She would repeal and replace ObamaCare. ObamaCare has become a pet name for the Affordable Care Act passed in March, 2010.

Angle lists replacement of ObamaCare as a necessary solution but does not offer any concrete ideas for a replacement plan. Her recent interview may explain why. She does not think there was anything wrong with the system as it existed in the U.S. prior to March 2010.

She would eliminate coverage mandates. Coverage mandates are a part of the Affordable Care Act so if it is repealed the federal mandatory coverage requirement would go away. Two states, Massachusetts and Hawaii, have state mandated coverage.

Read Rest of Article

August 9, 2010

Medical Malpractice Insurance for Physicians in Nevada

doctor ponders if his malpractice insurance rates will rise in NevadaDoctors in Nevada are keeping a close watch on a particular medical malpractice case that may challenge the states medical malpractice award caps. Plaintiffs’ lawyers are objecting to the $350,000.00 award cap the state created in an effort to protect doctors from skyrocketing medical malpractice liability premiums in Nevada.
Plaintiffs are arguing that each family member should be allowed to have a separate claim; in this particular case this would mean a total of 16 claims for a total of $5.6 million dollars. Doctors argue that the cap should be limited to 350 thousand regardless of the number of plaintiffs.
The physician malpractice insurance data for Nevada found on our site shows the historical trend of medical malpractice insurance premiums in Nevada have remained relatively stable in recent years in a large part due to the award cap.

READ ARTICLE

August 2, 2010

Medical Malpractice Insurance for Physicians

side note: As our reader base grows here at MyMedicalMalpracticeInsurance.com, the leading site for providing low cost malpractice insurance quotes for physicians, we get emails from time to time. As we’ve posted in the past, if you ever want to get a hold of us and comment (positive and negative), you can email us at:
info(at)mymedicalmalpracticeinsurance.com

John S, a daily reader, sent this in recently:

As of May 2010 the not seasonally adjusted unemployment rate stands at 9.3%. This is down from the high of 10.6% that occurred in January of 2010, but still stands as the highest unemployment this country has faced in recent history. As legislators scramble to find solutions to this unprecedented unemployment we need to focus on one of the major stumbling blocks hindering job growth, the ever increasing cost to employers of providing employee health care.

Health Care expenses are the fastest growing cost component American business face. In 2008 the cost of employers’ health care premiums grew by 5%, a percentage twice the rate of inflation. The health cares premiums provided by employers have increased four times faster than employee earnings. Americans are earning less and paying more for health care coverage.

A major component of providing affordable health care, Medical Malpractice Insurance, is on the rise as well. According to MyMedicalMalpracticeInsurance.com the mature rate for an OB/GYN in Suffolk county New York was $177,000.00 in 2008, up from $156,000.00 in 2006, an increase of over 15% in just two years. As medical malpractice insurance rates increase so does the cost of providing employee health coverage.

We are glad to post any comments from our readers….keep them coming and remember that MyMedicalMalpracticeInsurance.com not only saves physicians and doctors the most money on their malpractice insurance, but we help keep it low by offering free practice tools. Don’t accept anything else but the best!

Editor

July 14, 2010

Senator Coburn and Barrasso release Obamacare report

This report, titled “Bad Medicine: A Check-Up On The New Federal Health Law” takes a look at the implementation of Obamacare after 100 days since it was passed. We here at MyMedicalMalpracticeInsurance.com were not too pleased with the final version of this bill, mainly because it didn’t include decent Tort Reform legislation that would help lead to the lower cost of medical malpractice insurance for doctors. Malpractice insurance was one arena that both President Obama and Republicans found common ground and looked to make some advancements…..but they never materialized.

This report is interesting reading, but we can’t help but think that 100 days isn’t long enough to know if a major bill…..one that comes around once or twice per generation, will have a positive or negative effect on health care costs….especially as the Boomers continue to retire in droves.

MyMedicalMalpracticeInsurance.com have long been advocates for doctors and have championed legislation that will enable the doctor/patient relationship to be the most important thing in healthcare. We have put together a Patient Satisfaction Survey System for doctors to help lower liability by learning what the patient thinks of the practice. This system is free of charge to all of our clients…..and it’s available in 9 languages. This is just one of the many free services we offer our clients because at the end of the day……the doctor is what matters the most. Some of the other services are:

    1. Free Risk Manager on staff to help you out with all your practice needs…the implementation of this has shown to lead to lower malpractice insurance costs.
    2. We will also create a Custom Office Policies and Procedures Manual for your practice, so every employee has a clear idea of how things operate.

Lower your med-mal insurance costs today……fill our our med-mal insurance quote form and we’ll save you money….it’s quick and easy.

Standards Issued for Electronic Health Records

side note: This is welcomed news for doctors who have long complained that the standards put in place by President Obama were to tough to meet in such a short period of time. I have spoken to numerous physicians who have looked at EMR/EHR as another time-consuming hurdle that seems almost impossible to meet in the time-span provided. I have heard from a few doctors who believe that their medical malpractice insurance costs will go down over their career because they think EMR/EHR will lead to better services, which means happier patients who are less willing to file a lawsuit against a physician.

By ROBERT PEAR
The New York Times

WASHINGTON — The federal government issued new rules Tuesday that will reward doctors and hospitals for the “meaningful use” of electronic health records, a top goal of President Obama.

The rules significantly scale back proposed requirements that the health care industry had denounced as unrealistic.

The Department of Health and Human Services said doctors and hospitals could receive as much as $27 billion over the next 10 years to buy equipment to computerize patients’ medical records. A doctor can receive up to $44,000 under Medicare and $63,750 under Medicaid, while a hospital can receive millions of dollars, depending on its size.

Starting in 2015, hospitals and doctors will be subject to financial penalties under Medicare if they are not using electronic health records.

Dr. Donald M. Berwick, who was sworn in Monday as administrator of the Centers for Medicare and Medicaid Services, said electronic health records would lead to “better, smoother care, more reliable care.”

Even though American health care is known for the use of advanced technology in treating patients, doctors and hospitals have been slow to replace paper records with electronic records.

READ REST OF ARTICLE

June 17, 2010

How Medicare’s Payment Cuts For Cancer Chemotherapy Drugs Changed Patterns Of Treatment

side note: A very interesting article on how reforms implemented at the Federal level can have real world consequences and why we should move slowly with the new healthcare bill. We have mixed feelings on the bill b/c we foresee both positive and negative impacts on doctors and their bottom lines. If doctors keep seeing Medicare patients, they will have a pool of roughly 30 million potential new clients……with the recently implemented Medicare cuts, we think that the ever important doctor-patient relationship will take a hit b/c physicians will need to see more patients on a daily basis to deal with the 21% cuts.

We didn’t like the fact that tough Tort Reform was not included in the final bill. We truly believe that even though on the surface, med mal insurance rates for doctors is a drop in the bucket as it relates to how much money our country spends on health care….we do think that the cost of malpractice insurance rates for doctors leads to the practice of defensive medicine. Which in turn leads to more money spent, and wasted, on healthcare related items.

We do not have crystal ball, so it’s difficult to see how this will play out….but we do have history to look back on, and we do know that there are always unforeseen issues that pop up that our politicians in DC never saw coming.

http://content.healthaffairs.org
by Mireille Jacobson, Craig C. Earle, Mary Price, and Joseph P. Newhouse

The Medicare Prescription Drug, Improvement, and Modernization Act, enacted in 2003, substantially reduced payment rates for chemotherapy drugs administered on an outpatient basis starting in January 2005. We assessed how these reductions affected the likelihood and setting of chemotherapy treatment for Medicare beneficiaries with newly diagnosed lung cancer, as well as the types of agents they received. Contrary to concerns about access, we found that the changes actually increased the likelihood that lung cancer patients received chemotherapy. The type of chemotherapy agents administered also changed.

READ REST OF ARTICLE

June 15, 2010

Obama Administration Invests in Research to Lower Rate of Medical Malpractice Costs

Side note: On Friday, the Obama administration began distributing nearly $25 million in funds to research institutions for projects designed to lower the rate and cost of medical malpractice lawsuits. Several large universities and medical systems are among the recipients, including Ohio State University in Columbus and Multicare Health System in Tacoma, Washington.

The funds were set aside last September as part of a promise to Republican members of Congress. The hope is that these research projects will be able to uncover new methods that will reduce errors and injuries and increase communication between doctors and patients. Ideally, these innovations would lower the number medical malpractice lawsuits and, ultimately, the cost of medical malpractice insurance.

Though $25 million is a small amount to throw at such a large problem, it is important to see that the concerns of doctors and hospitals are not being ignored. Hopefully, these efforts will prove successful, and physicians will see a real decrease in the cost of liability insurance.

Mimi Hall
USA Today

The Obama administration, following through on a promise the president made last fall to Republicans in Congress, today began doling out nearly $25 million in grants for projects aimed at reducing medical malpractice lawsuits and costs.

(more…)

Older Posts »

Powered by WordPress