Even with High Cost of Malpractice Insurance, Preventing Medical Errors Should Remain Focus of All Doctors
On March 25, 2019 WalletHub, a consumer-finance research website, released a report which ranked Illinois as the 40th best place to practice medicine in the United States. Researchers analyzed all U.S. states and the District of Columbia across two key dimensions, “Opportunity & Competition” and “Medical Environment” and then evaluated those dimensions using 18 weighted metrics, graded on a 100-point scale, with a score of 100 representing the most favorable conditions for practicing doctors.
Those 18 metrics include:
- Physicians’ Average Annual Wage
- Physicians’ Average Monthly Starting Salary
- Hospitals per Capita
- Insured Population Rate
- Employer-Based Insurance Rate
- Projected Share of Elderly Population
- Current Competition
- Share of Medical Residents Retained
- Projected Competition
- Number of CME Credits Required
- Presence of Interstate Medical Licensure Compact Law
- Quality of Public Hospital System
- Hospitals Safety – Percentage of “A” Hospitals
- Presence of Nationally Accredited Health Departments
- Physician Assistants per Capita
- Punitiveness of State Medical Board
- Malpractice Award Payout Amount per Capita
- Annual Malpractice Liability Insurance Rate
For years, some physician led advocate organizations have been asking the public to believe that malpractice payouts and insurance rates are a significant cost for Illinois doctors, making the state an undesirable market to practice medicine in. The Illinois Trial Lawyers Association remains opposed to changing Illinois’ tort laws and says doctors aren’t fleeing the state over malpractice costs. Instead, reducing medical errors in the first place will serve as the best way to address injured patients’ rights and ultimately lower health care costs, including doctors’ insurance premiums.
Illinois Malpractice Award Payout is Sixth Highest in the Country
The report also showed Illinois ranked no. 46 for malpractice payouts and no. 49 for malpractice insurance rates with the malpractice award payout per capita (around $2,350) the sixth highest in the country. But health care has many complex iterations and requires a watchful eye for error. According to the Institute of Medicine (IOM) preventable medical errors kill as many as 98,000 people every year at a cost of $29 billion and are too often the result of things like:
- Reduced staffing or hours of monitoring at medical facilities
- Failure to hire and train skilled medical workers
- Not following medical guidelines or Illinois laws
- Unethical and neglectful procedures
- Doctors who practice non-standard methods
While other acts may be unintentional, there is still no excuse for medical malpractice. Someone must be held accountable.
Take Action Against Medical Error Wrongdoers
We help Illinois residents recover from medical malpractice and receive the reimbursement they need for medical rehabilitation and their related life-changing circumstances. If you have experienced medical malpractice in Chicago or throughout Illinois, take action and immediately contact Levin & Perconti online. You can also call us at 877-374-1417 or 312-332-2872 to set up a free consultation with an experienced Chicago medical malpractice lawyer.