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Webinar

MPL Liability Insurance Sector Report: 2023 Financial Results Analysis and 2024 Financial Outlook

Wednesday, May 22, 2024, 2:00 p.m. ET
Hear analysis and commentary on 2023 industry results and learn what to watch for in the sector in 2024, including an analysis of the key industry financial drivers.

Government Relations

MPL Association’s National Advocacy Initiative in Full Swing

The MPL Association is shifting its focus toward state policy makers with a new program—the National Advocacy Initiative. This comes at an important time for the MPL community as the deteriorating policy environment in the states is resulting in increasing attacks on established reforms.

Inside Medical Liability

Fourth Quarter 2022

 

 


Chronic Conditions Closed Claims between 2016 and 2020

Chronic conditions are the leading causes of death and disability and are the leading drivers of annual healthcare costs in the United States.

 

The CDC reports that six in 10 adults have a chronic disease and four in 10 adults have two or more. The MPL Association Data Sharing Project identified approximately 23% of claims closed between 2016 and 2020 with a chronic condition (heart disease, cancer, chronic lung disease, stroke, Alzheimer’s disease, diabetes, and chronic kidney disease). Heart diseases and cancers were the most common outcomes reported; however, stroke resulted in the highest average indemnity payment ($638,143). Less than 0.3% of closed claims reported Alzheimer's, diabetes, or chronic lung disease as a resulting medical condition.

 

 

 

Contact for more information:
Kwon Miller, Data & Analytics Manager kmiller@mplassociation.org