ProMutual Group Decreases Pennsylvania Doctor Medical Malpractice Insurance Rates


Posted on Aug 29, 2008

According to MarketWatch.com, physicians in Pennsylvania insured by ProMutual Group will see a six percent decrease in the base rate of their insurance premiums related to medical liability. This new change will go into effect for both new policy-holders and renewal policies.

"We are pleased that our overall stability as a company has allowed us to lower rates for individual physicians and surgeons in Pennsylvania," said Richard W. Brewer, president and CEO for ProMutual Group. "Although there are cycles of highs and lows in the insurance industry, ProMutual Group has been able to keep rates relatively level for physicians so that they can focus on patient care rather than premiums."

All Individual Professional Liability (IPL) holders will benefit from this six percent rate drop, which was reached after researchers and analysts found data and patterns that supported a decrease for both physicians and surgeons. However, certified nurse midwives will see an extremely large increase of 150 percent above their current rate.

ProMutual Group is a relatively new insurance provider in Pennsylvania although they have a more established history of providing medical liability coverage to those in other areas.

According to the Supreme Court of Pennsylvania, there has been a significant drop in medical malpractice filings state wide in the last five years. While the number of cases across the state hovered around 2,500 in 2000, 2001, and 2003, medical malpractice lawsuits have shrunk to more manageable numbers in the 1,600s since then. Philadelphia still leads the state in malpractice cases, seeing between 500 and 600 cases a year, with Mercer and Westmoreland Counties following behind with significantly lower numbers in the double digits.

All in all, Pennsylvania has seen a state wide decrease of 40 percent over the last eight years in medical malpractice cases - good reason to lower doctors' insurance premiums. However, a drop in medical malpractice suits does not necessarily mean that there has been a drop in medical malpractice cases. Many doctors and hospitals are choosing to settle out of court. Also, there is no way to know what percentage of medical malpractice incidents go unreported. In a recent report released by the Institute of Medicine, the vast majority of medical errors go unreported.

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