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Texas Medical Malpractice Insurance

Money-Saving Rates on Texas Medical Malpractice Insurance Tort reform measures passed in the Lone Star State over the past few years have helped push rates lower for Texas doctors. There has also been a corresponding increase in the number of doctors applying to practice in Texas.

According to figures from the Texas Medical Board there has been a signifcant increase in the number of physician licenses issued in the past couple of years. In 2007 3,324 licenses were issued and the Medical Board added additional staff to help reduce the waiting period for doctors applying for their Texas medical license.

Lower Rates Available - Are You Overpaying?

There are now over 30 new carriers serving the Texas market and with the recent rate decreases it is important to shop around and ensure you are not overpaying for your Texas medical liability insurance. If you're a new to practice physician or a doctor relocating to Texas then find out what discounts may be available to you. Get expert advice, best rates and friendly professional service for all your Texas med mal needs.

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Benefits to You

  • "A" Rated Carriers.
  • Occurence Coverage Available.
  • Prior Acts (Tail) Coverage is included.
  • New to Practice Discounts.
  • Switch Anytime - you do not need to wait until your renewal date.
  • Expert Advice and assistance for doctors with claims. Do not let prior claims or frivolous lawsuits prevent you from practicing medicine.
  • Many doctors now have unique or very specific coverage needs. Let an experienced insurance professional work with you to tailor a policy to your individual situation.
  • A free quote could save you money today.

Latest Medical Malpractice Rate Comparisons for Texas

General Area Internal Medicine General Surgery OB \ GYN
Dallas County $17,260 $60,000 $77,300
El Paso County $21,200 $69,570 $89,100
Harris County $22,240 $78,200 $99,860
Remainder of state $15,800 $54,800 $70,690
Source: Above figures are approximations across various carriers serving the TX med mal market. Underlying data taken from the Medical Liability Monitor 2007 Rate Survey. The rates shown above should not be interpreted as the actual premiums an individual Texas physician or surgeon pays for coverage.

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Texas Medical Malpractice Insurance Climate

Texas stands as a shining example of the benefits inherent in effective tort reform. Prior to the state’s sweeping 2003 medical liability reforms, Texas ranked 49th out of 50 states in doctor-per-citizen ratio. Of the state’s 254 counties, more than 150 had no obstetricians and more than 120 had no pediatricians. At the time, the rate of medical malpractice claims in the Rio Grande Valley alone was 211 percent above the national average. Thirteen of the 17 physician liability insurance providers that had been writing in Texas exited the state and many doctors felt forced to retire or move their practice.

Armed with these statistics, Gov. Rick Perry declared medical malpractice a statewide crisis and urged legislators to enact meaningful tort reforms in order to lower skyrocketing professional liability premiums, attract doctors to under-served regions of the state and improve Texans’ access to healthcare.

The then-newly-elected Republican majority in the state legislature answered the call by passing House Bill 4 (HB4), which addressed issues such as limits on non-economic damages, punitive damages as well as joint and several medical liability (joint and several liability, sometimes called the "deep pocket" rule, makes each and every defendant in a tort lawsuit liable for the entire amount of the plaintiff's damages regardless of the defendants' relative degrees of fault or responsibility).

The reforms included a cap on non-economic damages in medical malpractice cases, limits on how long after an incident a lawsuit can be filed and tightening up requirements for "expert" testimony. Doctors who volunteer their time were afforded more protections, and class action rules were tightened. The Wall Street Journal called the changes adopted in HB4 “Ten Gallon Tort Reform.”

Texas malpractice premiums have decreased more than 20 percent

While HB4 has been referred to as a model bill by numerous commentators because it addressed so many changes necessary to extinguish the litigation crisis, what separates Texas’ tort climate from many other states with reform legislation is that voters approved a constitutional amendment, Proposition 12, which eliminates potential court challenges to the law that capped non-economic damages. Since the enactment of HB4 and the subsequent passage of Proposition 12, malpractice premiums have decreased more than 20 percent and Texas has made great strides in attracting new physicians to the state.

"The facts are simply indisputable," said Gov. Perry, one year after signing the reforms into law. "Voter-approved medical liability reforms are healing the practice of medicine by reducing insurance costs and frivolous lawsuits, making it easier for communities to recruit new doctors and expanding patient access to needed care."

The only drawback, if it can be called that, to the success of state’s tort reforms has been that the influx of doctors lured to Texas by new limits on malpractice lawsuits has overwhelmed the state board that screens candidates for medical licenses. The Texas Medical Board recently reported that the number of physician license applications increased by a third in fiscal 2006, to 4,026, from 2,992 in fiscal 2005 (Medical Board Statistics, Fiscal Years 2001-2007), but that additional staffing has helped decrease the wait for a medical license from about 100 days in 2007 to 44 days presently.

More than 30 new carriers now providing liability coverage in Texas

Following the demand created by the influx of physicians, there are now more than 30 new carriers providing coverage in Texas. This increased competition benefits you, the physician, as more competition means rates are decreasing. Make sure you are not overpaying and get the best rates available by submitting your free quote.

“[Tort reform] is a victory for the people of Texas,” Gov. Perry said. “We are all patients of the healthcare system. We all depend on qualified physicians and nurses. [Through tort reform} Texans have taken an important step toward protecting both the practice of medicine and Texans’ access to quality healthcare.”


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Disclaimer
All information in this article is provided for informational purposes only and should not be used as the basis for making a decision regarding medical malpractice insurance. For expert advice from licensed insurance professionals serving the Texas medical malpractice insurance market please request a Free No-Obligation Quote.

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