Some people are misinformed or have distorted beliefs that may not be factual about medical malpractice lawsuits. This may be caused by the sugarcoated news we see in the media. Not all the publicized news we see on TV is true, anyway. Let’s explore a few medical malpractice myths that should be discussed.
Myth #1; Some say there are many ‘frivolous malpractice lawsuits.
Fact: In reality, there’s more negligence happening than lawsuits.
Only a small fraction of those harmed by negligence actually took an action.
Malpractice lawsuits have actually decreased by 8 percent over the past decade.
Myth #2; There is a misconception that malpractice claims lead to premiums for doctors.
Fact: Studies have revealed correlation between malpractice payouts and the premiums paid by doctors.
A study was conducted on the reports of medical malpractice insurance providers.
The findings revealed that these insurers artificially inflated doctors’ premiums and misrepresented the public regarding the nature of medical malpractice claims.
A prior analysis of malpractice insurers indicated that their profits exceeded those of 99 percent of Fortune 500 companies.
Myth #3; Some argue that doctors are leaving their professions.
Fact: The American Medical Association data shows that the number of doctors in the U.S. has been steadily increasing for years, surpassing population growth rates.
Myth #4; Tort reform leads to reduced insurance costs for doctors.
Fact: Despite claims that tort reforms would decrease physicians’ liability premiums, there has been no evidence to support this. While insurers may pay out less in damages when awards are limited, they do not render these savings into premiums for doctors.
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