|May 2009 · Vol. 21, No. 05
Here’s how we can solve the malpractice dilemma
Past malpractice crises have taught us much. But the ultimate fix? That requires each of us to step up.
Few states restrict the dollar amount awarded for “pain and suffering,” and none restrict damage awards
Malpractice premiums have risen 925% since the 1970s
Dr. Throckmorton is in practice with Northwest Iowa Surgeons PC, Spencer, Iowa.
The author reports that he is a member and past board member of the Iowa Medical Society. He is a current board member of the Midwest Medical Insurance Company.
*This example is a bit disingenuous. In real life, the insurance industry has several mechanisms available to cushion a solitary large outlier like this in any given year (reinsurance, etc). However, the net effect as portrayed here is quite real.