Which doctors have the highest insurance premiums? (2024)

Which doctors have the highest insurance premiums?

Obstetrician/gynecologists typically pay the highest premiums—for example, the $218,000 per year in Florida referenced earlier. All surgeons as “proceduralists” typically pay at least $30,000−$50,000 per year, with certain surgical specialists paying much more.

Which doctors pay the most for malpractice insurance?

Specialty

Having a “risky” specialty means that you have a better chance of being sued. Physicians with the riskiest specialties include obstetricians, surgeons, and ER doctors. The monthly premiums for physicians in these specialties are much higher than for physicians in other areas of medicine.

Which medical specialty has the highest malpractice rate?

Surgery is the specialty with the highest malpractice lawsuit frequency, while psychiatry has the lowest, a Medscape report found. The report, "Is Your Risk of Being Sued Climbing?

Why is OB/GYN malpractice insurance so high?

OB/GYNs pay high malpractice insurance premiums due to the high-risk nature of birth and delivery.

Which state has the highest medical malpractice premiums?

What is the best state for doctor malpractice?

Other Factors to Consider

By just looking at one element of that—medical malpractice payouts by state over a full decade—New York, Pennsylvania, Florida, and New Jersey have the highest payouts total. Meanwhile, North Dakota, South Dakota, Vermont, Wyoming, and Alaska are among the lowest.

Who has the highest medical malpractice?

What the Data Says. According to a study conducted by the American Medical Association (AMA), OB/GYN providers have one of the highest rates of malpractice, with more than 62% of physicians being sued at some point throughout their career.

What doctors have the lowest malpractice?

Low risk specialties are: pathology, Dermatology, Family General Practice, Pediatrics, Psychiatry (mean 5%/year risk for claim).

What doctors have the least malpractice?

Two disciplines with some of the lowest rates of medical malpractice claims are pediatricians and psychiatrists. There are probably multiple reasons for this.

What is the safest medical specialty?

However if you want emotional/legal safety choose a clinical branch like dermatology,orthopedics or pediatrics. If you want money safety choose the surgical side of things,specially anesthesiology,plastic surgery,general surgery or orthopedic surgery.

What percent of OB gyns get sued?

About 62% of ob-gyns and 59.3% of general surgeons had been sued in their careers to date, compared to 7% allergists/immunologists and 8% of hematologists/oncologists who are at lowest risk. Even before age 55, 43.9% of general surgeons and 47.2% of ob-gyns had already been sued.

What three factors affect medical malpractice insurance rates?

How much are most medical malpractice settlements?

As we said above, the average payout in a medical malpractice lawsuit in the U.S. is around $ 242,000. The median- as opposed to the average – value of a medical malpractice settlement is $250,000. The average jury verdict in malpractice cases won by the plaintiff is just over $1 million.

What state has the best doctors?

Montana. Montana is the best state for doctors, and it has one of the top hospital systems in the country, with 82.5% of patients giving their hospital a score of 9 or 10 out of 10. Montana doctors also receive high wages.

Which states sue doctors the most?

According to NPDB data, New York had the largest amount of medical malpractice reports from 2009-2018, with 16,688 – followed by California and Florida, with 13,157 and 10,788 reports, respectively. North Dakota only had 126 total reports of medical malpractice – the lowest by far within the continental United States.

What state ranks lowest in healthcare?

Mississippi tops the list of states with the worst healthcare outcomes. The Magnolia State ranked worst in the nation for several outcome-related metrics, including: Infant mortality rate (8.74 deaths per 1,000 live births). Stroke mortality rate (54.80 deaths per 100,000 state residents).

Which city has the best doctors?

What state pays surgeons the most?

Top States for Surgeons

The top paying states for surgeons include Wyoming, Wisconsin, Utah, South Dakota, and South Carolina, all with annual salaries at or above $208,000.

What state has the most medical errors?

California had the highest number of medical malpractice claims per capita, with 4,638 reports in 2022. Vermont, Hawaii, Rhode Island, South Dakota and Idaho had the lowest number of reported medical malpractice cases per capita in 2022.

Which state has the most medical errors?

New York has the highest rate of medical malpractice in the U.S., with an average of 1.25 malpractice reports per practitioner between 1990 and 2023, according to a study from personal injury law firm Gatti, Keltner, Bienvenu & Montesi based on government records from the National Practitioner Data Bank.

What is the most frequent cause of medical malpractice?

Diagnosis is the foundation of medicine and patient care, which is also the likely reason errors in diagnosis are the most common type of medical error leading to medical malpractice lawsuits. According to Healthline, more than 12 million people suffer from misdiagnosis of some type across the United States each year.

What is the most underpaid doctor?

What is the least competitive doctor?

Are doctors scared of malpractice?

Practitioners suffer from what Carol Turkington has termed "litigaphobia" (22), an exaggerated fear of lawsuit that cripples practice and does the patient a disservice. The legal system is viewed by physicians as a third party or interloper in the doctor-patient relationship.

What profession gets sued the least?

Even before age 55, 43.9 percent of general surgeons and 47.2 percent of obstetricians/gynecologists had been sued. The specialities with the lowest risk included allergists and immunologists (7 percent) and hematologists and oncologists (8 percent).