Q&A with Pennsylvania Governor Rendell
Q: How has Pennsylvania been able to solve the problems of high medical malpractice premiums?
A: As a result of reforms, in 2007 medical malpractice insurers kept their rates flat for the second year in a row. The following year, PMSLIC reduced its base premiums by an average of 11 percent and Medical Protective reduced its rates by 6 percent.
As a result of the decrease in the amount of premiums, for 2008, the state's Mcare surcharge, which is a percentage of the amount that each physician pays for his or her primary layer of coverage, was 20 percent - or approximately one-third of the 61 percent surcharge charged physicians in 2000 and in 2001.
In addition, by the end of 2007, we were able to abate nearly $1 billion in premiums for Pennsylvania physicians. This abatement could mean a reduction of approximately $36,000 a year in what specialists must pay to be insured. No other state in the union has a program like this.
Since 2003, 28 new medical malpractice insurance entities have been licensed, giving doctors a choice of insurance providers.
Do you need a Philadelphia medical malpractice lawyer?
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