(Altus-AP) -- Nine Oklahoma hospitals are looking into creating their own medical malpractice insurance company.
Bill Graves of Jackson County Memorial Hospital in Altus says the group hopes to have the self-insurance program in place by July.
Graves says the rising cost of malpractice insurance is one reason for considering self-insurance. He says another reason is it would give the hospitals more control over whether to settle a malpractice claim or take the issue to court.
The nine hospitals showing interest are Regional Health Center in McAlester; Duncan Regional Hospital; Comanche County Memorial Hospital in Lawton; and Deaconess Hospital in Oklahoma City.
Also, Jackson County Memorial in Altus; Memorial Hospital of Texas County in Guymon; Stillwater Medical Center; Unity Health Center in Shawnee; and Muskogee Regional Medical Center.