Prospect Medical Self-Insured But Had No Funds For Malpractice Lawsuits, Court Filings Show

Prospect Medical Self-Insured But Had No Funds For Malpractice Lawsuits, Court Filings Show The company pledged to pay directly for the legal defense of its facilities and doctors and to cover negotiated settlements, instead of paying premiums to a commercial insurer. Then they went bankrupt. When companies self-insure, there is no safety-net fund and very little oversight, which can lead to plaintiffs not getting paid. https://kffhealthnews.org/morning-breakout/prospect-medical-self-insured-but-had-no-funds-for-malpractice-lawsuits-court-filings-show/