Bedpan mutual | definition of bedpan mutual by Medical dictionary
bedpan mutual A popular term for a medical malpractice insurance company owned and operated by physicians and state-sponsored joint underwriting associations. Such companies were created during a crisis of malpractice insurance availability that occurred during the 1970s.
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References in periodicals archive
Malpractice insurance became very hard to obtain, which led to the "bedpan mutual
" movement, with physicians forming their own mutual insurance companies to insure their practices without having to rely on the large commercial stockholder-owned companies of that era which were failing them.
The alternative solution of physician-owned mutual insurers--or "bedpan mutuals
"--will be tested as well.