Malpractice Premiums Shutter Hospital Ward
High medical malpractice premiums have forced a Brooklyn hospital to completely shutter their obstetrics ward, which currently staffs 350 people. Long Island College Hospital in the Cobble Hill section of Brooklyn has taken on roughly $170 million in debt with 33% of that coming from the obstetrics department which has higher malpractice premiums than most others.
In New York, doctors and hospitals pay malpractice insurance premiums that are among the costliest nationwide. Last year, following a 14% rate increase, Governor Spitzer charged a task force with investigating and addressing the state’s high medical malpractice costs. The group did not produce a final report, and earlier this month, instead of raising rates again, the state’s Superintendent of Insurance, Eric Dinallo, announced a delay in the setting of new rates to give lawmakers time to address the situation.
"The bottom line is, I’m not surprised that one major hospital that does a significant number of deliveries is discontinuing their obstetrics service," the executive director of the New York chapter of the American College of Obstetricians and Gynecologists, Donna Montalto, said. "That speaks volumes to the maternity crisis."
Many believe this move will send patients to competitor Beth Israel.
