Manhattan, Long Island, New York Accident News

New York Docs Feeling Ill Over Proposed Insurance Surcharge


Posted on Dec 31, 2007

There are worries that a proposed $50,000 surcharge on all MD's in the state could do irreparable harm to New York's health care community. The state's medical malpractice liability fund is underfunded, and state insurance superintendent Eric Dinallo is looking for ideas. Doctors unable to obtain liability insurance from commercial carriers are required to get insurance from a pool for high-risk doctors called the Medical Malpractice Insurance Plan, which charges doctors at least 290% the going rate of insurance for their profession. The pool is in the red right now, however, and it falls upon commercial carriers to cover any deficits.

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