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Jan 09, 2008, 03:08 PM
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Does it really cost $20-25,000 for CNM malpractice insurance?
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Hello! I just googled CNM malpractice insurance, and found a couple of news articles that said CNMs pay up to $20,000 http://findarticles.com/p/articles/m...39/ai_n6101578
or $25,000 http://local.lancasteronline.com/4/211785 and http://include.nurse.com/apps/pbcs.d...HL02/711050316
I also found an article where a CNM said she paid 10% of what her OB/GYN husband pays. That seems a little more reasonable if what one article states as $56,000 for malpractice insurance for OBs is correct, making CNM insurance more like $5,600.
Does anyone who is a CNM mind sharing how much it really costs? I'm in Indiana, and I realize that location may also effect cost.
Thank you!
Kate
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Jan 09, 2008, 08:20 PM
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Re: Does it really cost $20-25,000 for CNM malpractice insurance?
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I've been searching high and low for some actual numbers, myself. I live in Florida. Thanks for asking.
okay, editing because I don't live in Florida, yet, but will be soon. I just didn't want to misrepresent myself.
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Jan 14, 2008, 07:28 AM
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Re: Does it really cost $20-25,000 for CNM malpractice insurance?
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OK, I'm not exactly sure of the cost, but a CNM that I work with (also in Indiana) pays I think more than the $20-25,000. She says it goes up each year you practice, because you've done more deliveries, so there are more potential lawsuits. Seems to me like the more experienced a Midwife is, the more the insurance would go down! I know she is in practice with another midwife and two OB/GYNs and her insurance is paid for out of the practice.
Her first year wasn't too much but she does a lot of deliveries and has now been doing it 5 years so it is well into 5 figures now. Oh, and she has never had a case brought against her.
If I get the chance to ask her more specifics, I will let you know.
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