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Healthcare Economics Free Essay, Term Paper and Book Report

I have chosen two significant economic factors influencing healthcare delivery today. The first is malpractice liability insurance and the second is the shortage of healthcare professionals. The goal of medical malpractice is to compensate the patient and prevent further medical errors. (Shactman, Doonan, & Rosman, 2003) The intention of medical malpractice certainly sounds honorable so why would we want to change anything related to how medical malpractice works? How could compensating injured patients and preventing further medical errors impact healthcare cost negatively? Let’s look at medical malpractice insurance in one state, Arkansas, to begin to understand the impact. Arkansas is one of twenty one states listed as medical malpractice insurance being “in crisis”, according to the American Medical Association (Liability Reform – Now!, 2006) What is the crisis the American Medical Association speaks of? The crisis is large increases in medical malpractice insurance costs which hypothetically cause physicians to practice elsewhere or limit their practice to lower risk spe......

Word Count: 1621
Page Count: 6.4  (250 words a page / double spaced)


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