How much do doctors have to pay for mal practice insurance?

Answer 1

A way lot. It depends on the state they are in, and what type of practice they have. It can run from $20,000 a year for low risk practices like internal medicine, up to millions for obstetricians & neurosurgeons.

Answer 2

As mbrcatz above notes, it is a way lot. It depends on where the doctor practices medicine and what insurance company he/she is with. I’ve linked to a 2004 article that describes a doctor who had premium payments of $23,000 in 2002, $47,000 in 2003, and $84,000 in 2004. He had never been sued, and doctors today can expect to pay $100,000+ for malpractice insurance. Additionally, many doctors AND hospitals are refused outright for insurance. Prices have gotten so bad in some parts of the country that state governments are offering to subsidize physician malpractice insurance payments in efforts to keep experienced doctors in the state (link below to a New Jersey article).

It’s interesting to note that studies have come out that show that lawsuits against doctors may not account for the steep rise in medical malpractice insurance prices. According to one report (link below), the number of malpractice payments declined from 2001 to 2004 and are roughly at the same level as they were in 1991. The value of malpractice payments has also remained level if you factor in inflation.

Hope this helps,
Barnes@MostChoice

Answer 3

It depends on the state, the type of practice (Surgeons and Ob-Gyn's have the highest rates) and whether or not they have judgements against them.

Answer 4

It depends on which state they are in and what kind of practice they have. It also depends on if they have any claims on their background.

Answer 5

A lot. $100,000 per year isn't unusual. Unless they've lost a case or two - then it could be two or three times that.