For-Profit Hospital Chain Never Put Aside Money for Malpractice Insurance to Compensate Injured Patients
For-Profit Hospital Chain Never Put Aside Money for Malpractice Insurance to Compensate Injured Patients
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For-Profit Hospital Chain Never Put Aside Money for Malpractice Insurance to Compensate Injured Patients
Eager to save money, Prospect Medical promised to “self-insure” malpractice claims brought against its doctors and hospitals. The chain’s bankruptcy now threatens to leave hundreds of patients whose c...
- Left Out: The failure of a hospital chain that provided its own malpractice insurance threatens to leave injured patients with no recourse.
- Absent Oversight: States give little scrutiny to “self-insuring” health care companies. Agency officials say laws allow them to dodge normal safeguards.
- Physician, Pay for Thyself: Doctors promised malpractice insurance have discovered they have no coverage for defense expenses and claims. One met with a bankruptcy lawyer.