|
|
Article: Insurance premiums continue to rise.(Insurance)(for nursing homes in Arkansas)(Brief Article)
- Article from:
- Arkansas Business
- Article date:
- July 21, 2003
- Author:
CopyrightCOPYRIGHT 2003 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Of the 225 nursing homes currently operating in Arkansas, 103 say they can no longer afford or obtain liability insurance because premiums have sky-rocketed, according to a survey released last week by the Arkansas Health Care Association of Little Rock.
Statewide nursing home premiums, have jumped 2,025.1 percent since 1999 when they grew from $658,796 to nearly $14 million in 2002, the AHCA said.
As a result, a number of medical directors and physicians have ...