Prospect Medical hospital chain left injured patients without malpractice insurance funds

propublica.org

A for-profit hospital chain, Prospect Medical, failed to set aside funds for malpractice insurance, leaving injured patients with little recourse. The company, which self-insured against malpractice claims, is now bankrupt, and hundreds of pending lawsuits may go unpaid. This practice lacks adequate state oversight. This situation mirrors issues seen with other collapsed healthcare companies, highlighting a growing concern about patient compensation and physician liability.


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Prospect Medical hospital chain left injured patients without malpractice insurance funds | News Minimalist