Originally Posted by
TeddyKGB
And here is an idea of how much doctors pay for malpractice insurance.
"Malpractice Premium Spending
Your physician spends 10 cents on malpractice insurance from every dollar you pay for health care, according to Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute. Furchgott-Roth notes that premiums vary from $20,000 annually in low-cost states to $200,000 annually in high-cost states. According to a survey published November 2011 in "Modern Medicine," family and general practitioners paid premiums of $12,100, and pediatricians' premiums averaged $11,800. OB-GYNs paid an average of $46,400, and plastic surgeons reported median premiums averaging $30,000."
And according to my neighbor who is an ortho surgeon, they negotiate that into their contracts with the hospitals they work in which in turn add that cost to the bill. He says for him, his insurance is minimal. That may not be the case everywhere and for every doctor though.
I have a trucking business that I run on the side and my insurance is $29,000 a year, so doctors have it good.
