Since insurance is about probability, are doctors graded individually to know their probability of malpractice

Question

Or all doctors are overpaying malpractice insurance for just a few?

Answer 1

it depends on their "specialty"

obviously the higher the risk assesment for thier specialty the higher the insurance - of course - if they are taking on government patients then their insurance is through the roof

Thats where the real lies - not in malpractice - but in the government iterference of doctor business and their attempt to control the situation rather then letting the market handle it like its suppose to

Answer 2

The insurance companies operate to make money. They will not insure an uninsurable risk, which means that they will not lose money on insurance policies. They depend on actuaries that are highly educated and skilled mathematicians.
Yes, good doctors pay for bad doctors because the future is largely unknown. Any doctor can be subject to a terrible malpractice suit. It does not discriminate.

Answer 3

A little of both.

Individual rates increase if the doctor faces malpractice claims, or engages in a medical specialty that has a higher risk of claims (or problems).

But the general insurance burden is also increased for every claim, regardless of whether it is related to that doctor or not.

Answer 4

My understanding that their field is graded, and obviously, so are any malpractice claims against them, especially those they lost.

But insurance companies rarely let a malpractice suit go to a verdict without reaching a settlement before hand, always claiming they were not at fault!

In my state you have to go before A PANEL OF DOCTORS who either allow, or disallow a suit! Guess who wins almost all the time?

Answer 5

A lot depends on their specialty. For instance, obstetricians are among the most highly sued professions. For that reason, their malpractice costs are through the roof, and not surprisingly, they are leaving their profession in droves.