New York Doctors Seek Medical Malpractice Moratorium
Medical malpractice rates are a cost of doing business for doctors and look to be going up according to the New York Sun:
New York physicians are asking for a moratorium on a medical malpractice insurance rate hike that state insurance officials are expected to announce next week.
The rates, set each year by the state’s Insurance Department, are expected to go up by as much as 9% on July 1, physicians and insurance industry sources said. By law, the agency could also impose an additional 8% levy on doctors to supplement the reserves of the malpractice insurance carriers, which might otherwise be exhausted in the near future.
With economic pressures weighing on consumers and businesses across the board, the doctors may receive some empathy.