Med Mal
Our daily schedule varies in terms of what/when we have classes, but there is a standard lunch hour. Knowing this, a lot of organizations have meetings, lunches, and events during this hour. The other week I was fortunate enough to 1.) be in class and 2.) actually read the chalkboards' listing of events. One of the talks I noticed was a medical malpractice one.
The talk was put on by a higher-up in anesthesiology, pediatrics, and patient safety/risk management...an M.D./J.D. I'm just gonna throw out some random bits that I can remember from the talk.
- In Cook County, med mal is a $1 billion dollar business.
- The two most expensive counties in the country to practice medicine are Miami-Dade and Cook County.
- The average Illinois malpractice premium for family practice is $30,000. Head an hour southeast to Indiana and you're looking at $4000.
- Neurosurgery malpractice carries an 8x higher premium compared to FP...making it an average of $240,000.
- Nine percent of physicians account for 50% of patient complaints.
- As UIC medical students, we carry $65 million in coverage. (!)
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