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You are here: Experts > Health/Fitness > Medical Specialists > Anesthesiology > Carreer in Anesthesiology
Expert: Ronald Levy, M.D.
Date: 8/6/2008
Subject: Carreer in Anesthesiology
Question
QUESTION: You seem to have been doing this for a while. I have searched and researched all I could. One thing I cannot seem to find is the average amount of malpractice insurance an anesthesiologist has to pay. Yes they do make a great deal of money but how does the ratio of what is earned compare to what has to be paid out? I am 99% positive this is what I want to do with my life so I want to be completely aware of any and all that has to do with it before I get to overwhelmed with all the responsibility. If you have any advice, I am a Sophomore at Georgia Southern University and I would enjoy any tips and comments about whatever you wish you could have known or did know before you became what you are now. Thank you!!
ANSWER: You can't find the information because it is different for every state and every type of practice. Malpractice is based on where you work, the acuity of the cases you do, etc. Although malpractice insurance tends to be high, obviously not high enough that people don't go into medicine. As for ratio of in to out, again it depends on what type of practice you have (Academic vs. Private, etc). No matter which track you choose, you will make a comfortable living. Can you make more money in other professions? Absolutely! People go into medicine because they like to help society (while making a good living at the same time). As for what I wish I knew, I guess is that everything you study in college is important and if you are lax in one subject, it may come back to bite you. So study hard in all subjects (even ones you think have nothing to do with medicine.
Ronald Levy, MD
Associate Professor of Anesthesiology
UTMB-Galveston
---------- FOLLOW-UP ----------
QUESTION: So where could I look to find an approximate figure of malpractice costs if I knew I wanted to stay in the south for both private and academic practices. And thank you for the hasty reply!
Answer
Again, there really is no place to look this information up. You might try contacting a local malpractice insurance carrier but I doubt they will give you any useful information.
Ronald Levy, MD
Associate Professor of Anesthesiology
UTMB-Galveston
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