Tag Archives: Rates

Article by Paul Justice

With the cost of medical malpractice in New York topping the charts, Governor Peterson is going initiate a Freeze on insurance rates. Doctors have been complaining that the increasing amount of medical malpractice insurance is so high, that it is literally driving them out of the state of New York to practice somewhere else. The fact of the matter is that the rates have been so high because there have been so many payouts in settlements of medical malpractice cases. Governor Peterson is planning to freeze the insurance rates for a year so that their administration can figure out a better way to keep practitioners in New York without having to increase insurance rates. The rate of medical malpractice in New York is so high, that many doctors cannot afford to practice medicine anymore. This statement seems rather odd due to their large salaries, however when a case of medical malpractice occurs everything changes.