The percentage of payouts doesn’t keep the professional liability insurance companies from making it prohibitively expensive for any specialist to get insurance. Here in Texas, my b-i-l (a family practitioner) pays over $25,000.00 per year in premiums, and he’s never had a claim. The OB/Gyns can pay $200,000.00/yr. Disgraceful.
Colonel, USAFR
Well then why are you blaming lawyers and torts? Texas went whole hog and passed a “tort reform” bill about 4 or 5 years ago. The better answer might be the “insurance cycle” that is explained in that link I gave. Or greedy insurance companies.Or, just doctors who screw up too much.
And, FWIW, I agree that $200,000 is an insane amount but I don’t think it is runaway torts, which it never was anyway, particularly, since Texas has pretty much decided to go doo-doo on the killed and maimed in favor of the doctors.
parsy, who suggests you read the link