Justinian C. Lane, Esq.
Let Justice Be Done, Though the Heavens May Fall

Justinian Lane's Blog

Justinian's Blog

These medical malpractice premiums don’t seem overly high to me

So, the average gastroenterologist earns between $300,000 and $500,000 per year.  This guy is a superstar and presumably earns well in excess of $500,000.  He sees between 4,000 and 5,000 patients per year, and pays $45k in medical malpractice premiums.

He said MGG grosses between $8 million and $10 million a year. He won't tell me what he earns, but he points out that the "average GE" in this area makes between $300,000 to $500,000 a year. He fields 4,000 to 5,000 patient visits a year and performs between 1,000 and 1,300 procedures.


Payroll and overhead eat up 60 percent of MGG's revenues, including the 6 percent spent just to collect money from insurance companies, Medicare and individuals. Hardi pays $45,000 a year for his own medical malpractice insurance.

Source: Thomas Heath - Value Added: Up close and personal with a gastroenterologist - washingtonpost.com