Insurers take several factors into account when setting malpractice premiums. Many healthcare professionals are claiming that the premiums are so high that it is forcing them to reconsider staying in healthcare. Discuss what factors have led to an increase in the premiums. Why are we seeing an increase in the number of malpractice suits? How does this impact the supply of healthcare professionals available to see patients? What are some solutions that have been proposed to deal with the increase tort claims and rising premiums? Do you feel that our current malpractice system really deters negligence?
Answer: The factors that led to an increase in the premiums are many of the factors such as location, gender, maritial status, age etc. These thing effects the cost of the health insurance. The location effect as there are many different schemes regarding the geographical location, so according to that they provide the premium. Age effects the premium rate as suppose if person is young then chances of accident gets more because youth drive very rashly so it also effects the premium charges. There are an increase in the number of malpractice because there are people who are not authentic and fraud people in many cases of offering low price rate insurance in which customers gets attracted with the schemes and lead to the fraud cases.
Insurers take several factors into account when setting malpractice premiums. Many healthcare professionals are claiming...