Why is malpractice coverage so extremely expensive today?

A paradigm shift is occurring as more and more health care organizations are reorganizing existing business models from inpatient to outpatient services.
July 15, 2019
Explain the governing board’s role in these strategic initiatives, determining its responsibility and involvement.
July 15, 2019

Why is malpractice coverage so extremely expensive today?

Question Description

Course book:  Berger, S. (2014). Fundamentals of health care financial management: A practical guide to fiscal issues and activities (4th ed.). San Francisco, CA: Jossey-Bass.

Discuss the need for hospital and physician professional liability coverage (malpractice insurance) in American health care today. Make sure to cover the following points:

Why is malpractice coverage so extremely expensive today?

Do you feel that the need for liability insurance adds to or detracts from the patient care that is provided?

Your response should be at least one page in length