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Old 09-11-2009, 11:41 AM   #82
saden1
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Join Date: Feb 2004
Location: Seattle
Age: 46
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Re: The Health Care Reform Address Thread

Quote:
Originally Posted by Schneed10 View Post
I can tell you that at our healthsystem malpractice premiums account for about 3-4% of our total expenses.

Malpractice premiums are increasing at about 15% per year.

So while the rest of our costs increase at about 6% per year, because malpractice is going up by 15%, it is responsible for a half of a percentage increase in overall expense growth within healthcare.

Reducing overall healthcare expenses across the nation by a tenth of a percent would cut the deficit drastically. This could be accomplished by getting malpractice premiums to increase by only 12% instead of by 15%.

Small changes in expense growth accumulate to massive savings across the system, at least when compared to the projected deficit.
The real cost of malpractice is something I've been looking for for a while. Can you reference statistics on the subject matter?
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