Managed Care

 

Liability insurance premium hikes take bite out of physicians' income

MANAGED CARE May 2003. © MediMedia USA
Compensation Monitor

Liability insurance premium hikes take bite out of physicians' income

MANAGED CARE May 2003. ©MediMedia USA











No wonder increases in physician liability insurance premiums have caused such uproar over the last year. Data collected by the Medical Group Management Association show that physician income rose from 1999 to 2001. Liability insurance premiums skyrocketed, however, siphoning off an even greater portion of physician income. The result: nationwide protests, rallies, and lobbying efforts in Congress from physician groups.

The MGMA thinks physician income actually went down in 2002, though exact numbers will not be available until broad studies are conducted.

Doctors pay dearly for peace of mind

Average professional liability insurance premiums

Internal Medicine
General Surgery
Ob-Gyn

SOURCE: MEDICAL LIABILITY MONITOR, 2002

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