Quote:
Originally Posted by roysoldboy
Would $200,000 per year, per doctor in Florida be a fact?
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I have seen that number before for some specialist in Florida. I can't say whether it is true or not true, but it is possible. Florida has one of the highest rates of any state in the country. What you have to remember though is that the states have the power and have used that power to limit torts and have done so. One example is Texas. They changed the tort laws to put a cap on awards and made it more difficult for people to bring the suits. End result. Medical malpractice premiums did go down; however, did the Doctors reduce their compensation because they paid less premiums...NO. Did the hospital reduce their prices because they paid less premiums...NO. In fact it had absolutely no effect on Health care costs in states that enacted so called tort reform...why, because any money saved was pocketed and not passed on and the amount of the costs is so insignificant relative to other costs that even if the savings had been passed on no one would even notice.
The fact is, on average, Medical malpractice insurance costs for a general practictioner averages 10 to 12K a year, it goes up if they are specialist, but of course specialist get paid significantly more. When you compare that to a salary of 250K - 900K a year in a doctor's salary . That is not too bad.