Medical Malpractice Everyone makes mistakes, but some are more deadly than others. Malpractice is the illegal or negligence, professional activity or they’re working out of the their scope of practice. Medical malpractice is one of the top causes of death in the United States, with this being said, insurance for medical practitioners would be considerably higher. Should the amount of malpractice insurance be lowered even though malpractice is one of the leading causes of death? The answer is yes, malpractice insurance should be lowered to be more affordable for physicians.
Only 85,000 out of 225,000 people file a lawsuit against a malpractice (Nilsson, Traumatized). Medical malpractice is the 3rd highest cause of death (hopkinsmedicine.org).
In 2000, $6.4 billion was spent on medical malpractice insurance as stated earlier, of that money only 3.2% came out of the physician’s revenue (trustedchoice.com). Insurance could cost anywhere from $4,000 to $34,000 (trustedchoices.com) depending on where the practice is but there’s no set limit to how much it costs and the cost is rising everyday while while the claims they were paying were actually decreasing (Nilsson, Traumatized). Annually medical errors in hospital could cost between $17 billion and $29 billion. Most people don’t realize that 1 in 8 preventable medical errors result in a malpractice lawsuit (trustedchoices.com), and 44,000 to 98,000 people die each year from preventable medical errors. With 54% of all medical malpractice claims only 5% of the doctors carry malpractice insurance. With all of these facts we learn that insurance companies are greedy, they increase the amount of the cost for insurance even when there were less claims. If we lower the prices of insurance then we can increase the 5% of the doctors with insurance and more people will be compensated for any mistreatment that happens to