Malpractice Premiums Vary With Work Hours, Practice Size

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Malpractice Premiums Vary With Work Hours, Practice Size
Malpractice Premiums Vary With Work Hours, Practice Size

WEDNESDAY, Nov. 19, 2014 (HealthDay News) -- There have been significant fluctuations in medical malpractice premiums, based on doctor's age, location, workload, and practice size, according to a report published Nov. 6 in Medical Economics.

Noting that medical malpractice premiums appeared little changed in 2013 for primary care physicians, the authors examined variations in payment amounts. Considerable fluctuations were noted in payment amount based on doctor's age, location, workload, and practice size.

According to the article, doctors working more than 90 hours per week reported the biggest increase in medical malpractice premiums (14.8 percent). Increases of 13 and 9.3 percent were noted for primary care physicians seeing 200 or more and 175 to 199 patients per week, respectively. Substantial increases were also seen for primary care physicians in larger practices, with a 19.3 percent increase for those working in practices with 26 to 50 physicians, compared with an 11.9 percent increase for those in practices with 50 or more physicians. Decreases in premiums were reported by younger doctors and those in their first years of practice, with a 20 percent decrease for physicians under age 30.

"Although it's still too early to gauge the impact of the Affordable Care Act on the malpractice insurance market, Jack Meyer [senior vice president for the Doctors Company, a malpractice insurance carrier] expects the influx of new patients the legislation creates to have 'a negative impact' on claims frequency," according to the article.

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