Cover: Some Statistical Evidence on Merit Rating in Medical Malpractice Insurance

Some Statistical Evidence on Merit Rating in Medical Malpractice Insurance

Published 1981

by John E. Rolph

Download

Download eBook for Free

FormatFile SizeNotes
PDF file 0.9 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 Format Price
Add to Cart Paperback30 pages $20.00

Merit rating is not widely used in setting medical malpractice insurance premiums. A statistical analysis of two different datasets shows that actual malpractice claims experience is inconsistent with the notion that claims occur randomly among physicians within each specialty class. Consequently, a statistical model allowing physician specific claims propensities is fit to a recent dataset. Calculations using this model indicate that the additional effect of four years of a physician's claims experience on his or her expected claims rate is comparable to the effect of knowing the physician's medical specialty. Consequently, merit rating deserves more serious attention in medical malpractice insurance.

This report is part of the RAND note series. The note was a product of RAND from 1979 to 1993 that reported other outputs of sponsored research for general distribution.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.