This month, Diederich Health reported that New York is among only three states with total medical malpractice payouts exceeding $300 million in 2017. Its total payout of $617,973,000 earns New York the distinction as the state with the highest per capita payout ($313) in the nation.
While this isn’t surprising, it is an indication of the necessity for medical malpractice insurance. This is the fifth consecutive year that New York has rank first in payouts. The Northeast region as a whole contributed to 41.95 percent of the U.S. total.
Unfortunately these payouts are also one of the reasons healthcare professionals, physicians, and doctors find it challenging to operate a professional and profitable practice in New York. The stakes are clearly very high, and providers need excellent protection and reliable medical malpractice insurance coverage.
This is why Acadia Pro provides trusted medical malpractice insurance solutions, offered by the leading medical malpractice insurance providers in the industry. For more information about protecting your New York practice with medical malpractice insurance, contact Acadia Pro today!