Business Services Industry
Malpractice-Insurance Premiums to Rise 20 Percent for Massachusetts Doctors.
Knight Ridder/Tribune Business News, April, 2003
By Liz Kowalczyk, The Boston Globe Knight Ridder/Tribune Business News
Apr. 17--The largest malpractice insurer in Massachusetts will raise doctors' premiums 20 percent on July 1, an unusually large increase that physicians predict will force colleagues to close their practices, stop providing risky medical services, or squeeze in more patients to make up lost income.
The increase means the annual bill for many obstetricians, who already pay the highest premiums of any specialty, will climb to more than $100,000 for the first time. In the past several months, a dozen obstetrician-gynecologists in the Springfield region have stopped delivering babies because of high premiums, and doctors yesterday said they fear the upcoming increase will lead...
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