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  • MLMIC Rate Increase For NYS Physicians
  • Physician Medical Malpractice Costs In New York

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Paris Kirwan Associates
1040 University Avenue
Rochester, NY 14607
1-800-724-2627

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MLMIC Rate Increase For NYS Physicians

For most people, July 1st represents the start of summer, but for physicians in New York State it means an increase in their medical malpractice rates.

In a letter issued to MLMIC policy holders dated July 9, 2012 the inevitable happened again. The Superintendent of financial Services has imposed that the base rates for all MLMIC policy holders will be increased by 3%, when in reality some physicians could see increases as high as 10% based on their specialty and demographic location. The Superintendent also imposed some territory modifications which will drastically affect physicians located in the Bronx and Richmond counties. In those counties alone, Orthopedic Surgeons, General Surgeons, Plastic Surgeons, Vascular Surgeons, Urologists, and OBGYS can expect a rate increase of 7-10%. At this time, nothing has surfaced from the second largest admitted carrier in the state, PRI, but it is expected that they will have to follow suit.

This may be a good time for physicians to look at their options. Click here to contact us TODAY to learn how we can keep help you save on your Medical Malpractice Insurance Rates.

Skip Pleninger
President of the Medical Insurance Division of Paris Kirwan Associates
800-724-2627

In the national and the regional debate on health reforms, cost containment strategies focus on reducing unnecessary utilization of services, encouraging coordinated care, primary care health promotion and disease prevention, health information technology and workforce retraining. Yet, strategies to contain medical malpractice costs have been addressed tangentially at best.

The cost of medical malpractice can have a profound impact not just on physicians’ practice decisions, but also on the cost of and access to care most particularly in medically underserved communities in New York City.

Sandford D. Elsass, President of J.M. Woodworth RRG, mentions that the American Medical Association reports 21 states are in “crisis” due to the malpractice liability climate. New York has been at the top of that list for many years. As a result, patients are losing access to care because New York medical malpractice premiums are forcing physicians to retire early, relocate or give up performing high-risk medical proce­dures.

The American College of Obstetricians and Gynecologists and the Medical Society of the State of New York say that with malpractice insurance premiums rising, the dwindling number of Obstetricians that can afford to practice in New York has reached crisis proportions.

As a result, these physicians are leaving New York in favor of states with more favorable malpractice insurance rates or becoming risk adverse by limiting their practice. Unless this situation is rectified quickly there will be a limited number of doctors practicing obstetrics in New York.

Without adequate competition, New York medical malpractice premiums will spike and physicians will continue to leave practice or limit their practice to gynecology, particularly in those communities with limited access to care. Just as patients in medically underserved communities should have choice as to where and how they access their care, the same should follow where physicians have s choice regarding the premiums they pay.

In response to unaffordable medical malpractice insurance for physicians, J.M. Woodworth, RRG, Inc. was created and has saved physicians in New York thousands of dollars on their malpractice premiums. The company creates a favorable malpractice environment attracting and retaining highly skilled OB/GYN’s and other physician specialties that are able to maintain viable practices.

The savings have made it possible for many physicians and surgeons to continue practicing. Currently, J.M. Woodworth RRG, Inc. has insured OB/GYN physicians in Staten Island, The Bronx, Queens, Brooklyn and Manhattan with premiums based upon limit of liability of $1.3M/$3.9M; mature claims made coverage. The premium range is based on credits for claims history, board certification state, EMR use and group discounts. The premium range for Manhattan consists of $112,725-$138,964, while the range for Staten Island, Bronx, Queens, and Brooklyn is $133,715-$164,836.

J.M. Woodworth, RRG, Inc. uses aggressive risk management in order to keep premiums competitively priced. However, other strategies should be taken for insurance companies, providers, regulators and legislatures. It is essential to continually examine trends in high-risk specialties to reduce New York medical malpractice liabilities. Reducing premiums to retain practicing physicians and encourage the return of physicians to New York, along with, but not limited to having proper consent to help provide or bolster a defense of a claim.

An effective risk management team helps facilities and practitioners reduce losses and avoid claims. J.M. Woodworth’s risk management philosophy is based on the clinical integration of services with executive management to control New York medical malpractice liability. The company’s Risk Management Evaluation Process helps to identify systemic, embedded issues that require immediate attention while highlighting areas that are potential problems or concerns. Members of the professional risk management staff visit facilities, clinics, and physicians/surgeons for hands-on review and consultation.

J.M. Woodworth establishes medical malpractice committees that work with executive leadership who are empowered to set realistic reserves after consultation. All cases are discussed with New York medical malpractice attorneys in order to prevent re-occurrences of potential New York medical malpractice incidents as well as being incorporated into the risk management training program.

Skip Pleninger
President of the Medical Insurance Division of Paris Kirwan Associates
800-724-2627

Client Testimonials

"Paris Kirwan reduced my malpractice insurance rates substantially and allowed me to customize my policy to fit the needs of my practice. This allowed me to manage my practice more effectively and changed my lifestyle personally!"
-David Weissberg, M.D., Orthopedic Surgeon, Long Island, NY

"Medical Malpractice premiums were killing our practice. Paris–Kirwan has provided us with a high quality, lower cost alternative which has helped both us and our patients. My calls are promptly returned, and my questions are fully addressed. I recommend Paris–Kirwan Associates without reservation."
-David Harrison, M.D., General Surgeon, Newburgh, New York

"Paris-Kirwan took great care of me! They listened to my malpractice insurance requirements and individualized my policy. They are always available especially when asking questions about adding new procedures or services for my practice. Plus, they saved me over 20% on my annual premium!"
-Robert A. Jason, MD FACOG, President and Medical Director, Laser Rejuvenation Institute, NY

"I am a practicing physician in New York, specialty in OB/GYN. Skip Pleninger and his valuable assistant, Melissa, [were] extremely helpful in navigating the malpractice marketplace and providing malpractice coverage with proper limits of liability. I highly recommend them!"
-Santo G. Fiasconaro, M.D., OB/GYN, Brooklyn, NY

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