There has been a 61% decrease in medical malpractice insurance payouts in Pennsylvania over the last 7 years, according to Pennsylvania Governor Ed Rendell.
According to the governor, this has led to an 18% decrease in malpractice premiums. I’m trying to figure out why a 61% drop in payouts leads to an 18% decrease in premiums. Where is all the money going? In any event, we still have a doctor shortage in much of Pennsylvania.
Why aren’t doctors fleeing to Pennsylvania? If they are not going to Pennsylvania, where do they go? The top 5 highest paying jobs in the United States are doctors? Are they quitting medicine and becoming real estate agents? Have you ever met a doctor that just stopped practicing medicine and took up something else?