From here
*The annual number of settlements greater than $1 million for medical liability cases has more than tripled between 1993 and 2002 from 6 to 19. (N.C. Lawyer’s Weekly)
N.C. Lawyers Weekly reports that the largest medical liability verdicts and settlements have increased significantly over the last decade. The average large medical liability recovery has increased 74% from $1,990,000 in 1992 to $3,480,000 in 2002. (North Carolina Medical Society)
Hospitals in North Carolina have had insurance premiums go up 400 percent to 500 percent in the past three years, the North Carolina Medical Society says. Small, rural hospitals were hit hardest. (Winston-Salem Journal, March 9, 2004)
Liability insurance premiums for North Carolina neurosurgeons increased by 50 percent between 2000 and 2002, according to the American Association of Neurological Surgeons. (Winston-Salem Journal, March 9, 2004)
Obstetricians and trauma surgeons in Western North Carolina are seeing increases in their professional liability insurance rates as high as 50-100 percent, according to Dr. Hal Lawrence, director of the Mountain Area Health Education Center’s Women’s Health Center. (Ashville Citizen-Times, Feb. 8, 2003)
“If we remain in North Carolina we will likely be forced to make the decision to limit procedures which carry high risks (but also are often life-saving),” said K. Stuart Lee, M.D. of Eastern Neurosurgical and Spine Associates Inc. Dr. Lee’s practice saw their medical liability premiums increase 116 percent last year. (The News and Observer, Jan. 26, 2003)
Women’s Care, P.A., the largest independent Ob-gyn physician group in North Carolina, saw its medical liability insurance premiums increase 30 percent in 2003 for almost three times less coverage. One of its obstetricians will soon stop delivering babies, and others are considering following his example, according to the group’s corporate director.
Limiting non-economic damages in North Carolina could reduce overall health care costs by 5-9% through reductions in defensive medicine. A 5% reduction in N.C. Medicaid expenditures would save $270 million per year. (North Carolina Medical Society)
Dr. David Pagnanelli, a neurosurgeon, said he moved to Hendersonville, North Carolina in 2002 because liability costs were too high in Pennsylvania. But they shot up here too – to nearly $190,000 a year – even though there’ve been no successful claims against him, he said. Following his insurance carrier’s advice, Pagnanelli stopped seeing trauma cases. But neurosurgeons are in short supply in Hendersonville, so his decision means patients with life-threatening head injuries have been shipped to other hospitals. (Charlotte Observer, February 11, 2004)
Updated March 15, 2004
American Medical Association*