Medical malpractice is almost always just a whoopsie poopsie slap on the wrist civil tort law situation.
More like the financial death penalty. But you're right that it's nearly impossible to get charged criminally .
Whatever little LLC she was working for is done. However the industry is structured to survive these lawsuits since they are so common. I'd say your avg OBGYN gets legit sued once a year. And goes to trial maybe 1 in 5. So they don't keep cash in these vehicles, and for the most part assets are leased or finance. The shell just exists to collect payments and pay employees. It's not a permanent thing or even the same as the brand. So you can clean one out and own it. Enjoy the debt.
Tbh if you disqualified every one whose mistake led to a death there wouldn't be any. In some places there aren't any. When the proceeds can't pay the malpractice insurance they disappear.
I recommend you just get one you trust and all their partners too. Everyone makes mistakes. Not everyone decapitates your kid tho.
I'd say your avg OBGYN gets legit sued once a year. And goes to trial maybe 1 in 5.
How do they stay in business then? My understanding is that doctors fight malpractice suits as hard as they do because a black mark on their record makes malpractice insurance too expensive to keep the practice going.
Layers. This lawsuit will take down one business entity, in all likelihood. The others they associate with will not be liable, and I don't think anyone can be personally. Don't get me wrong. This is bad. But it is not unexpected to anyone that's in the business.
My understanding is that doctors fight malpractice suits as hard as they do because a black mark on their record makes malpractice insurance too expensive to keep the practice going.
I didn't know that. My experience of most of them is that they settle. I don't know the terms, but I know a lot of times settlements in general include no admission of wrongdoing.
I can certainly see people being uninsurable. But I don't know of any. Basically, any award in a case related to infants would bankrupt any practice. It's always millions of dollars, and like I say they don't just have that laying around. People aren't gonna spend the rest of their life paying off a debt. What happens is the liable entities get liquidated and then GL.
The cover-up is the only actual crime. Medical malpractice is almost always just a whoopsie poopsie slap on the wrist civil tort law situation.
And people wonder why so many are turning to midwifes and home births...
More like the financial death penalty. But you're right that it's nearly impossible to get charged criminally .
Whatever little LLC she was working for is done. However the industry is structured to survive these lawsuits since they are so common. I'd say your avg OBGYN gets legit sued once a year. And goes to trial maybe 1 in 5. So they don't keep cash in these vehicles, and for the most part assets are leased or finance. The shell just exists to collect payments and pay employees. It's not a permanent thing or even the same as the brand. So you can clean one out and own it. Enjoy the debt.
Tbh if you disqualified every one whose mistake led to a death there wouldn't be any. In some places there aren't any. When the proceeds can't pay the malpractice insurance they disappear.
I recommend you just get one you trust and all their partners too. Everyone makes mistakes. Not everyone decapitates your kid tho.
How do they stay in business then? My understanding is that doctors fight malpractice suits as hard as they do because a black mark on their record makes malpractice insurance too expensive to keep the practice going.
Layers. This lawsuit will take down one business entity, in all likelihood. The others they associate with will not be liable, and I don't think anyone can be personally. Don't get me wrong. This is bad. But it is not unexpected to anyone that's in the business.
I didn't know that. My experience of most of them is that they settle. I don't know the terms, but I know a lot of times settlements in general include no admission of wrongdoing.
I can certainly see people being uninsurable. But I don't know of any. Basically, any award in a case related to infants would bankrupt any practice. It's always millions of dollars, and like I say they don't just have that laying around. People aren't gonna spend the rest of their life paying off a debt. What happens is the liable entities get liquidated and then GL.