Medical Malpractice News

20Jul, 2017

Where Does Your Home Town Rank on the Best and Worst Places to Practice Medicine?

Tags: , , ,

Most of us are proud of our city and state and probably believe it’s the best place to live and work. But the Medscape report, “Best and Worst Places to Practice 2017,” may shed some light on some other places that would be great, or not-so-great, to practice medicine. Where does your city rank? Every year Medscape puts out the rankings based on criteria such as numbers of medical malpractice lawsuits, cost of medical malpractice insurance, physician burnout, medical board actions, physician income, divorce rate, crime rate, cost of living […]
READ MORE

31Mar, 2017

How much should you pay for tail insurance? The answer may surprise you

Tags: , , , , ,

While the high price of medical malpractice insurance premiums is enough to give most physicians sleepless nights, the problem can become even more pressing should you need to purchase tail coverage. In the past, it was common for tail insurance premiums to be anywhere from two to four times as high as standard malpractice premiums. However, this is no longer always the case, as many insurance carriers are beginning to offer a range of tail insurance options that ensure you have the coverage you need without having to fork over […]
READ MORE

29Mar, 2017

The 5 most expensive and the 5 least expensive states for medical malpractice

Tags: , , , , , ,

Medical malpractice insurance is a requirement for any kind of practice, but it can also have a massive impact on your earning potential. Many things can affect your insurance rates, including your specialty and type of practice. One of the biggest factors is where you live, since insurers use state averages to help calculate your rates. Here are the best and worst states for malpractice insurance as of 2016.
READ MORE

27Mar, 2017

Deducting medical malpractice insurance costs on taxes

Tags: , , , ,

Deducting medical malpractice insurance premiums depends on the nature of the taxpaying entity, the taxpayer’s income and the taxpayer’s relation to the insuring party. In general, self-employed physicians who are either owners of a practice or work as independent contractors face fewer difficulties when attempting to deduct medical malpractice insurance premiums on their tax returns.
READ MORE