Re: RI hospital fined $150,000 in 5th wrong-site surgery since 2007
This is a perfect example of why "tort reform" discussions are unethical, IMHO...they serve only to protect the malpracticing MD and hospital from the patients victimized by their incompetence. There should be no "cap" on the restitution that victims receive from these wrong doers...seriously...wrong site surgery repeatedly?!?! And our congress (who do they represent again?) wants to limit the amount of money those people (victims) would receive from the bad guys so that the bad guys don't have to pay such high malpractice insurance premiums. Hhhhmmmm, seems to me that they could go a long way in controlling their malpractice premiums by insisting that their malpracticing or incompetent peers lose their privileges or licenses or both. Just 5.1 percent of doctors account for 54.2 percent of the malpractice payouts, according to data from the National Practitioner Data Bank. Of the 35,000 doctors who have had two or more malpractice payouts since 1990, only 7.6 percent of them have been disciplined. And only 13 percent of doctors with five medical malpractice payouts have been disciplined. [url]http://www.medicalmalpractice.com/national-medical-malpractice-facts.cfm[url]
While medical costs have increased by 113 percent since 1987, the amount spent on medical malpractice insurance has increased by just 52 percent over that time. Insurance companies are raising rates because of poor returns on their investments, not because of increased litigation or jury awards, according to J. Robert Hunter, director of insurance for the Consumer Federation of America.
Malpractice insurance costs amount to only 3.2 percent of the average physician’s revenues. Few medical errors ever result in legal claims. Only one malpractice claim is made for every 7.6 hospital injuries, according to a Harvard study. Further, plaintiffs drop 10 times more claims than they pursue, according to Physician Insurer Association of America data.
[url]http://resource4medicalmalpractice.com/topics/medicalmalpracticefacts.html[url]
What is the cost of medical errors and negligence? "The cost to society in terms of disability and health care costs, lost income, lost household production and the personal costs of care are estimated to be between $17 and $29 billion. In contrast, the medical liability system costs $6.7 billion annually."
It is ridiculous that people suggest that the answer to the problem of malpractice insurance is to limit the compensation to the victim...unethical!
Nursing News