Insurance of any kind is a fund that is paid regularly to offset any damage (claimed or proven) that others claim against you. For instance, you have car insurance in case someone is injured or if you recklessly hit another car. Medical malpractice insurance is insurance doctors pay in case someone is injured or sues them for something that happens during the operation of their business. The Cost of Medical Malpractice Insurance Like everything else, insurance costs rise based on the several factors, including inflation. However, due to the increased number of claims over the past several decades, healthcare professionals have found the prices of medical malpractice insurance to be prohibitive, and in many instances, the increase in insurance rates is passed on to patients. In some cases, the prices are so high that doctors have left their practices; other, more optimistic healers are limiting their practices to the safest and lowest-rated insurance risks. The Need for Medica...
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