Medical Malpractice Insurers Face Uncertainty, Specialized Insurance Products Offer Profit Potential
side note: It comes as no surprise to hear that the United States’ healthcare system — which includes medical professional liability insurance companies — is facing unprecedented change, as both the government and private sectors try to reign in escalating medical costs that far outpace inflation. What should be interesting to the MPLI industry is that members of the healthcare community looking “to obtain some level of risk transfer for defense costs, and in some cases for civil fines and penalties associated with a government audit, may find solutions through specialized insurance products.”
Physicians looking to mitigate their risk for government audits are encouraged to contact their medical malpractice insurance broker to explore products like RAC Audit insurance.
In a new report, insurance broker Lockton states that government regulatory changes impacting the healthcare industry are on the top of mind of both providers and insurers.
To obtain free copies of these reports, please visit www.locktonmarketupdate.com