THE INCREASING NUMBER OF CLAIMS FOR VIOLATION OF RESIDENT'S RIGHTS AND ITS IMPACT ON LIABILITY COSTS

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A recent study by Aon Risk Solutions, in partnership with the American Health Care Association, found that long term care liability costs are rising as a result of the average claim size increasing-despite the fact that claim frequency is decreasing. In its study, Aon found that the average claim size has increased four percent, and nationwide, liability claims have risen from an average of $125,000 in 2005 to $153,000 in 2010. This increase in claim size is important to long term care providers, especially when coupled with the uncertainty of Medicare and Medicaid funding and reimbursement.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Regina Casey | Attorney Advertising

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