Medical indemnity insurance: first monitoring report
In October 2002 the Prime Minister announced that the ACCC would monitor medical indemnity premiums to assess whether they are actuarially and commercially justified.
This is the first of these monitoring reports to be produced by the ACCC over the years.
Medical indemnity insurance is a form of liability insurance that indemnifies medical practitioners for financial loss arising from actions brought against them as a result of the performance of their professional duties.
Claims against medical practitioners relate to personal injury and death, and are lodged against a medical practitioner as a result of a breach, or perceived breach, of a given standard of care in the treatment of a patient.