Here’s a perfect example of why both health care costs are skyrocketing, and why Kentucky needs medical malpractice reforms.
This couple originally sought more than $13 million from these Bowling Green ob-gyns.
No wonder almost 60 percent of Kentucky’s in-state medical school graduates choose to leave the state to establish their clinical practices after graduation.
Why have an increasing number of Kentucky hospitals, including Knox County Hospital in Barbourville and Ashland’s Bellefonte Hospital, closed their obstetrics departments in recent years? It’s the uncertainty created by a lack of monetary caps in lawsuits. That uncertainty leads to outrageously high medical liability insurance rates.
Markets, including health-care markets, thrive when rules are clear and policies create certainty. Uncertainty leads to unhealthy results.