Nebraska is the state with the least expensive annual malpractice liability insurance, while New York's is the most expensive, according to personal finance site WalletHub.
In a report released March 18, WalletHub determined the best and worst states for physicians. The site compared the 50 states and Washington D.C., across two dimensions: opportunity and competition, and medical environment. These dimensions were evaluated using 19 metrics, including physicians' average annual wage, the number of hospitals per capita and physician burnout rate. Read more about the methodology here.
Here are five states with the least expensive annual malpractice liability insurance:
1. Nebraska
2. Wisconsin
3. Minnesota
4. Kansas
5. Idaho
Here are five states with the most expensive annual malpractice liability insurance:
1. New York
2. Illinois
3 (tie). Washington
3 (tie). District of Columbia
5. Louisiana