Malpractice awards are getting higher and higher for physicians and hospitals nationwide, Medscape reported. In the U.S., there were 57 medical malpractice verdicts of $10 million or more during 2023. More than half of those verdicts hit $25 million or more, according to TransRe, an international reinsurance company that tracks large verdicts. “2023 blew away every record previously set among high medical malpractice verdicts,” Richard Henderson, senior vice president for TransRe, told Medscape. “If we look at the 50 largest verdicts in 2023 and average them out, we have a higher monetary amount than any other year.”
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