Hospital's Bottom Line Not Affected by Medical Malpractice

Medical malpractice claims have little effect on an hospital's bottom line. Analysis of verdict data from 2002-2003 showed that noneconomic damages awards against hospitals declined. Hospitals have enjoyed prosperity and have enjoyed record profits, without caps having any impact. In fact, hospitals have said that insurance and investment markets, not tort claims, are the reason for any financial difficulties they may have faced in the past. Hospitals are currently making millions that they are spending. For example, the Rehabilitation Institute of Chicago has purchased a parcel of land for several hundreds of millions of dollars for building a new hospital. Medical malpractice suits are necessary to ensure that injured parties are made whole and hold hospitals and physicians accountable for their negligence.