| We are all now starting to realize to what extent the | | | | that has spurred due to the economic crisis is medical |
| current economic crisis is going to have on not only | | | | malpractice insurance. The heavens were looking |
| our entire economy, but they way it will impact our | | | | down on us when it was decided for their to be a |
| daily lives. When the press release came out that the | | | | medical malpractice insurance rate freeze, for we |
| first bailout did not pass, people immediately went to | | | | would be in more trouble than we already are if that |
| their banks and took out their money. What many | | | | was not enacted. Medical malpractice New York is in |
| people may not know is this has an astounding | | | | trouble because are economy is no longer able to |
| effect on the way our entire market operates. | | | | support those that we once did. |
| Without that cash and ability to lend other businesses | | | | Medical malpractice in New York is a big problem, |
| money, we as a community suffer. No longer are we | | | | unfortunately it is just going to get harder as we |
| the public going to be able to borrow money for a | | | | wait and see where our economy will take us. Since |
| car, house, college, or for small businesses, and this is | | | | medical malpractice New York insurance rates are |
| just on a small scale. What about the way that large | | | | going to unfreeze in June, we need to do everything |
| corporations operate, no longer are they going to be | | | | and anything now to ensure that the best plan is |
| able to get the loan that they need for their | | | | going to be put into effect. The truth is that before |
| inventories. And in the banking world, no longer are | | | | the freeze medical professionals were overly worried |
| investment banks able to lend out large sums of | | | | about committing small acts of medical malpractice |
| money to other institutions to conduct their business. | | | | because they knew their insurance company would |
| Specifically, in the medical industry, practitioners are | | | | cover them. What they did know however is that |
| not going to be able to borrow to cover those | | | | their reputation would suffer causing them want to |
| patients who pay a monthly rate. Another big issue | | | | hide these acts of medical malpractice in New York. |