What is the best way to measure a doctor’s competency? A new program in New York will allow major insurance companies to rate doctors in the same way restaurants and movies are rated. Naturally, the health insurance industry is concerned about costs and will likely base its ratings primarily on the cost of care. The New York program does require the health insurance providers also utilize national standards and guidelines to rate doctors. The natural focus on cost, which is the reality in any business, begs the question whether the size and number of medical malpractice settlements and verdicts will factor into the ratings system.
For a recent editorial on the plan click here.