In Wisconsin, Doctors must pay the first $1 million in malpractice insurance. If a doctor’s negligence causes injury and the compensation due the victim is more than $1 million then a state fund pays the rest. So, Doctor’s in Wisconsin only need to pay for $1 million in malpractice insurance.
When you hear stories about how lawsuits against doctors are causing them to leave the state take it with a grain of salt. In other states Doctors must pay for much more insurance. Many doctors would be happy to only pay for $1 million in coverage.
Another interesting bit from this article. Payments from this large fund to victims who file medical malpractice claims total $20 million per year. The fund had $840 million in funds available. A lawyer for the State of Wisconsin said the fund “can easily pay the $20 million or so in claims made against it each year.”
Again, take this into account when you hear doctors gripe about lawyers and lawsuits. There is much more to the story.