A study led by a group of physicians at Brigham & Women’s Hospital in Boston reveals that paid medical malpractice claims decreased by 55.7% between 1992-2014. Medical malpractice lawsuits have become the scapegoat for skyrocketing medical and insurance costs but as the study proves, the number of payouts and claims have only fallen. The only catch? The average payment amount went up by 23.3%, as well as the number of $1 million plus payments, meaning that while lawsuits are happening with less frequency, the mistakes they’re seeking to rectify are likely larger than the years prior to the study. What sets this particular study apart is that the authors set out to find what specialities were paying out the most claims with the ultimate goal of using the information to ‘help inform decisions about the approaches needed to simultaneously improve patient safety and reduce liability.”
Pediatricians Seem to Be the Gold Standard
The great news is that all specialist payouts have decreased, with the largest drop seen among pediatricians. From 1992-2014, the number of claims paid by pediatricians fell 75.8%. The number of claims paid by cardiologists fell 13.5%. Neurosurgeons had the highest number of payouts during that period, while dermatologists had the lowest.