Just So You Know

Below is what doctors have to pay yearly for medical malpractice insurance.   Enjoy.

Where doctors spend the most — and least — for liability insurance

The medical liability market nationwide held steady in 2012, with overall rates dropping a scant 1.7% over the previous year. But rates that physicians pay vary greatly, depending on the state, county, specialty, insurer and plan.

Highest internist rates 2011 2012 Change
Florida (Dade County) $47,731 $47,731 0.0%
Illinois (Cook, Madison and St. Clair counties) $40,865 $40,865 0.0%
Michigan (Wayne and Oakland counties) $35,139 $35,139 0.0%
Connecticut $34,700 $34,700 0.0%
New York (Nassau and Suffolk counties) $33,041 $34,032 3.0%
Highest general surgeon rates 2011 2012 Change
Florida (Dade County) $190,926 $190,926 0.0%
New York (Nassau and Suffolk counties) $120,228 $127,233 5.8%
Illinois (Cook, Jackson, Madison, St. Clair and Will counties) $127,083 $127,083 0.0%
Michigan (Wayne County) $142,731 $121,321 -15.0%
Nevada (Clark County) $118,125 $118,125 0.0%
Highest ob-gyn rates 2011 2012 Change
New York (Nassau and Suffolk counties) $206,913 $204,684 -1.1%
Florida (Miami and Dade counties) $201,808 $201,808 0.0%
Illinois (Cook, Madison and St. Clair counties) $177,441 $177,441 0.0%
Connecticut $170,389 $170,389 0.0%
Nevada (Clark County) $168,750 $168,750 0.0%
Lowest internist rates 2011 2012 Change
Nebraska* $2,381 $2,381 0.0%
Minnesota $3,375 $3,375 0.0%
South Dakota $3,697 $3,697 0.0%
Wisconsin $3,946 $3,946 0.0%
California (14 counties) $3,988 $3,988 0.0%
Lowest general surgeon rates 2011 2012 Change
Nebraska* $8,095 $8,095 0.0%
Minnesota $11,306 $11,306 0.0%
South Dakota $12,569 $12,569 0.0%
Wisconsin $13,813 $13,813 0.0%
Kansas* $17,089 $14,400 -14.0%
Lowest ob-gyn rates 2011 2012 Change
Nebraska* $14,286 $14,286 0.0%
California (14 counties) $15,484 $15,484 0.0%
Minnesota $16,449 $16,449 0.0%
Wisconsin $18,154 $18,154 0.0%
South Dakota $19,946 $19,282 -3.3%

* Rate does not include payment to state patient compensation fund.

Source: Medical Liability Monitor Annual Rate Survey, October (medicalliabilitymonitor.com/)

 

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected]