Medical Malpractice Insurance Rates in Tennessee

Medical malpractice insurance rates for doctors have dropped substantially in Tennessee in the last few years, and now doctors pay far less for insurance that they did five years ago.

For example, 5 years ago an OB/GYN paid $59,572 for $1,000,000 / $3,000,000 in professional liability insurance.  Today, that same doctor woul;d pay almost 40% less for the same amount of insurance coverage – $37,255.  In fact, today an OB/GYN can buy over $10,000,000 of professional liability insurance coverage for less money than he or she would have paid for $1,000,000 in coverage just 5 years ago.

Why the decrease?  The health care lobby got various laws passed which makes it harder for patients to bring lawsuits against doctors.  The law has worked – it has put more money in the pockets of doctors and their insurance companies.

The question remains, however, about the impact on patients.  Our office turns down hundreds of medical malpractice cases per year because the cost of bringing the case is so great that the case cannot be economically handled.  Thus, the patients bear the brunt of the legal reforms that were enacted to protect health care providers from lawsuits.