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The state of Hawaii has typically lower medical malpractice insurance rates then a lot of other states.
In 2000, a physician who had a med-mal insurance policy with the Medical Insurance Exchange of California (MIEC) in Hawaii paid the following for these specialties:
Internal Medicine: $6,816
General Surgery: $24,528
OB/GYN: $40,880
In 2008, the same insurance company MIEC was charging physicians within those specialties the following:
Internal Medicine: $10,284
General Surgery: $37,012
OB/GYN: $61,684
The above rates are mature, claim's made rates. A doctor just starting out, or who has maybe taken risk management courses to help lower the risk of liability may pay a lower premium. Likewise, a Doctor Who has a claims history, if insurable at all, will likely be changed higher rates.
What else can I help you with?
How much does medical malpractice insurance cost in the Philippines?
wala naman human rights sa pilipinas kaya wala malpractice insurance mga doctors
Is medical malpractice insurance required in Idaho?
Mandatory Medical Malpractice Insurance?No, No state mandates that a Doctor carry malpractice insurance nor any kind of insurance at all related to their profession. Recent polls as of 2009 indicate that as much as 60 percent of private practitioners no longer purchase Medical Malpractice Coverage due to the high cost. Other AnswersI do believe that medical malpractice is required in every state for doctors, but you should check with the governing body of your state to verify. Even if it is not required, it is highly recommended due to the enormous liability you face when providing this type of service.
How much does medical malpractice cost for a neurologist?
The cost of medical malpractice insurance for a neurologist can vary depending on factors such as location, years of experience, claims history, and coverage limits. On average, neurologists can expect to pay between $10,000 to $50,000 per year for malpractice insurance. Specialty areas within neurology, such as pediatric neurology or interventional neurology, could affect these costs.
How much does medical malpractice insurance cost?
The cost of medical malpractice insurance varies greatly depending on numerous factors. Those factors include, but are not limited to:1. State where you practice (each State's Department of Insurance regulates insurance rates, from which premiums are derived)2. Prior claim history3. Type of procedures practiced4. How long you've been practicing5. The nature of the tort system in the state, such as whether there exist medical malpractice award caps.This would need to be answered by an agent, there are so many variables considered.
Cost of dental malpractice insurance?
$1500-2000
How much does medical malpractice insurance cost for professional?
You would have to indicate what profession you are in before any insurer could begin to give you an estimate.
How much does acupuncture malpractice insurance cost?
$750.00 a year
How much is malpractice insurance for a gastroenterologist cost a year in Ohio?
$30000
Is medical malpractice higher that chiropractic malpractice?
Yes, it is much higher, although the specifics depend on which medical or chiropractic specialty you have, and what country/state you are in. Medical malpractice insurance can cost anywhere between $20,000 and $100,000 per year, whereas chiropractic malpractice insurance costs anywhere from $100 to $2500 per year. The difference is due to the higher risk procedures that medical doctors carry out in comparison to chiropractors (eg: drugs and surgery vs spinal manipulation and exercise), as well as the greater severity of the conditions medical doctors treat in comparison to chiropractors (eg: heart attacks and strokes vs back pain and headaches).
How much does malpractice insurance cost for optometrists?
around $550/year (2012 quote).
How much does medical malpractice insurance cost in Washington DC?
The cost of medical malpractice insurance in Washington, D.C. can vary significantly based on factors such as the medical specialty, claims history, and coverage limits. On average, premiums can range from $10,000 to $30,000 per year, with higher-risk specialties potentially facing costs exceeding $100,000 annually. It's essential for healthcare providers to shop around and compare quotes from different insurers to find the best rates for their specific needs.
Do veterinarians need to carry malpractice insurance?
Yes. The cost is relatively low, compared to human physician malpractice insurance, but veterinarians can be and are sued for malpractice.
