Though it might be quite a surprise to some patients, there are a number of hospitals in some of the busiest cities in the U.S. that do not have standard, full policy malpractice insurance. Some hospitals are “naked\u201d or “bare,” industry terms for operating without medical malpractice insurance<\/a>. There are several hospitals in New York, according to The New York Times, that have used up the money earmarked for malpractice reserves: one hospital has even closed its obstetric practice to avoid lawsuits. Administrators say a tough financial environment and skyrocketing premiums have made it impossible to pay the money needed to maintain malpractice insurance<\/a>.<\/p>\n While dropping insurance may seem necessary in the short term in order to meet other financial obligations, it could easily come back to bite them, should a large medical malpractice judgment force a hospital to declare bankruptcy. Many states do not require hospitals to carry malpractice insurance. In (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Though it might be quite a surprise to some patients, there are a number of hospitals in some of the busiest cities in the U.S. that do not have standard, full policy malpractice insurance. Some hospitals are “naked\u201d or “bare,”…<\/span><\/p>\n