MLMIC recently announced that its Preferred Savings Programs (PSPs) have saved New York physicians more than $16 million since 2020.

MLMIC's PSPs, which offer significant savings to qualifying New York physicians, is part of the medical liability insurer's commitment to put the interests of policyholders first. The PSPs recognize the quality care and patient safety initiatives advanced by many of New York’s medical professional organizations.

The company reports steady growth in their PSP programs, resulting in a significant reduction in premium for our policyholders. In 2020, MLMIC's PSPs saved physicians $4.6 million. In 2021, total savings were $5.4 million. In 2022, savings totaled $6.4 million.