medical malpractice insurance and its premium

Open Access
Yang, Jing
Area of Honors:
Bachelor of Science
Document Type:
Thesis Supervisors:
  • Ron Gebhardtsbauer, Thesis Supervisor
  • Mark Levi, Honors Advisor
  • malpractice insurance
  • premium
  • medical
Medical malpractice insurance (medical professional liability insurance) is an insurance protecting medical professionals from lawsuit by patients. As other insurances, medical malpractice insurance is a business contract, helping to alleviate the conflict between patients and medical providers. In general, if the medical professionals lose the litigation with the patients, the insurance companies who insure the medical professionals pay the claims to patients. The insurance providers insure the liability of medical professionals and the medical professionals pay the premiums to them. In the early part of the last decade, medical malpractice insurance premiums have increased a lot, so physicians and hospitals nationwide were very concerned. This paper examines the variables that may contribute to the increasing medical malpractice insurance premiums. To achieve this goal, this paper first explores the historical background of malpractice insurance, as well as the reasons that may cause the growth of the medical malpractice insurance premiums. Then, Chapter 2 will employ qualitative and quantitative techniques to analyze what variables increase the medical malpractice insurance premiums. The results of the qualitative and quantitative analysis are given in Chapter 3. Chapter 4 provides the implication of the findings and possible recommendations for limiting or controlling the future increase of the premiums in the United States.