Both Sides Of the Story
Are medical malpractice suits really hurting the medical profession? Some say yes, others say no. Check out this article for opinions on both sides of the story.
Reform of our reckless tort system remains an absolute necessity for the future vitality of the medical profession. Most emergency physicians work 2-3 months per year to pay their malpractice insurance premiums and to continue feeding the litigation industry. This industry generates a tidal wave of litigation against physicians, with more than 80% of all cases having no basis in fact. (1) Furthermore, the ability of a plaintiff to recover damages has no correlation with fault. (2) The ability to recover damages only correlates with the presence of an injury. This evidence proves that we have a broken tort system. We must look to state legislatures to provide relief.
And the retort?
It may sound awful that “most emergency physicians work 2-3 months per year to pay their malpractice insurance premiums,” but according to a review of placements by Merritt Hawkins in the 12 month period from April 1, 2007 to March 31, 2008, the average base salary to hired emergency physicians not counting benefits offered for new hires during that time was $240,000 per year, and the Medical Group Management Association reported a higher average overall in 2007, $256,800; emergency physicians’ pay went up by 5.6% between 2003 and 2007, controlling for inflation. If an emergency physician really has to spend as much as 1/4 of their salary on malpractice insurance premiums, that leaves $192,600 per year in income. Report that annual income after malpractice insurance on the street, and wait for the world’s smallest fiddle to play a sad tune for you.
Be sure and check out the rest of the article for some interesting charts and statistics.
