Two West Virginia medical schools would reduce their medical malpractice premiums by more than 50%, or a combined total of about $10 million annually, under a pending agreement with the state Board of Risk and Insurance Management. The state agency, which provides schools with first-dollar coverage, would institute $250,000 deductibles for individual liability insurance for staff physicians at Marshall University and West Virginia University. The increased risk would result in significant discounts for both schools, said the agency's executive director, Chuck Jones. "They will save money, obviously, if they reduce the numbers of claims and frequency and severity of the claims," Jones said. -- by Michael Romano
W.Va. schools to cut med-mal costs in deal with state
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