Nothing in the survey showed what their insurance cost were.
Florida has some of the highest rates of liability insurance. Moreover, the deviation between low and high averages varies in Florida more widely than in almost any other state. For instance, a doctor in internal medicine in Florida could expect to pay in excess of $56,000 per year for insurance as of 2009, in contrast with Minnesota’s $4,000. General surgeons paid in between $90,000 per year and $175,000 per year or more. OB/GYNs once again could expect the highest rates, with liability coverage ranging from $100,000 to $200,000 per year.
My OB/GYN in New Jersey quit practicing about 10 years ago. What she was paying in liability and malpractice insurance combined with the normal costs of doing business were enough that it simply wasn’t worth it. She is selling real estate and partnered with a colleague to do some side work assisting low income families with their medical needs - without taking insurance. Another doctor in the practice relocated out west to a state where the insurance costs were more reasonable.