How can we balance the need to lower the cost of malpractice insurance with the fact that physician malpractice is one of the leading causes of death?
The notion of medical malpractice has been debated in the US for nearly a decade without an effective solution of how to reduce costs related to physicians malpractice. Focusing on the increase of deaths rate in the US, the controversial issue of physician’s malpractice has been the main target of the death increases. But still then, is there a significant approach that the US can adopt to reduce the costs of medical practice insurance provided with the fact that physicians malpractice enhance to the high cases of death rates?
Medical malpractice is also known as medical negligence. Medical malpractice is enhanced when physicians fail to provide the exact treatment on a specific medical condition and the act or negligence enhances injury to the patient. Malpractice by the health care provider can occur in different approaches for instance delay to diagnose the health disorder, accident in the anesthesia or surgical process, prescription drugs misuse and failure to treat the disorder after effective diagnosis is enhanced.
The United States has two significant principle objectives on malpractice liability system that include compensate patients harmed through the physicians’ malpractice and deter the physicians from enhancing negligence. Although the system is costly and slow it is significant to ensure that the malpractices are avoided if possible.
According to the system, it fails to compensate the patients harmed by the malpractice but in the other way, it compensates patients not injured by the malpractice. Physicians have provided different opinions on the overall insignificance of the physician’s malpractice and assert that the system develops incentives in order to undertake the ineffective costs on treatments based on legal liability fear to enhance defensive medicine.
Therefore, the high costs and failures of the system in the United States have enhanced to a significant debate on the need to lower the costs of malpractice with the notion that the physicians’ malpractice is main contributors of death cases.
A significant approach of addressing these concerns is to first identify the malpractice pressure effects with the tort low variation reforms in all State in a period of time.
This approach is significant as it defines e unbiased assessments of the malpractice pressure impacts by assuming the malpractice reforms adoptions is uncorrelated with differences unobserved in all States in the healthcare results and the treatments decisions