Malpractice Insurance Rates in Maryland in 2009
Like most states, Maryland has a small number of insurance companies that provide coverage in the event of a medical malpractice lawsuit. Medical Mutual of Maryland largely dominates the marketplace for reasons that seem pretty clear if the rate information provided below assumes equal coverage for doctors of similar risk.
What I find interesting about medical malpractice insurance in Maryland (and, I think in most states although this information is old), is the dominant player is doctor-owned which is essentially a non-profit. Med Mutual kicks back "profits" to its doctors (which is also a way to artificially increase how much doctors purportedly pay). So the "socialist" Medical Mutual is able to offer insurance more cheaply than its free market competitors. What is the moral of all of this? I have no idea. But here are the rates for Medical Protective, Med Mutual, and Medical Assurance (ProAssurance).
This is the source for this data.
