bedpan mutual

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.
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.