Medical Professional Liability Outlook and Economic Impacts of the Changing Healthcare Environment

Medical Professional Liability Outlook and Economic Impacts of the Changing Healthcare Environment

Dr. Robert P. Hartwig, CPCU
August 27, 2014

This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, provides a comprehensive review of the medical professional liability (MPL) sector and the impacts of the evolving healthcare sector on the U.S. economy. Sections include a discussion of employment/professional trends in healthcare that notes that employment will grow, but the skills, responsibilities and risks involved in the work are evolving. Another section looks at medical professional liability. It offers a performance overview and outlook and focuses on four major challenges: increasing competition; falling investment income; rising number of self-insured exposures; and legal and legislative reform. Further sections include an analysis of the Affordable Care Act and its potential impacts on MPL, an overall property/casualty insurance industry performance review, an investment overview and outlook, and discussions of tort trends and cyber risk and the healthcare industry.

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