malpractice premium
malpractice premium
The annual fee paid by a medically qualified doctor or other licensee to a malpractice insurance carrier to cover the liability of medical practice.In the US, the lowest premiums (roughly $4000/year) are in rehabilitation medicine in the southeastern states; the highest are in obstetrics, orthopaedics, and neurosurgery in New York, California, Florida and Massachusetts ($175K).