Doctors get checks from medical liability relief fund

About 1,200 New Jersey physicians received $16 million last month to help pay their medical liability insurance, according to the state’s Dept. of Banking and Insurance.

The payments to eligible ob-gyns, neurosurgeons and radiologists are from a state subsidy fund set up in 2004 to ensure doctors could afford coverage. They represent the last relief available from the Medical Malpractice Liability Insurance Premium Assistance Fund, which expired at the end of 2007.

Medical Society of New Jersey officials agree with state insurance regulators that the subsidy fund helped steady the medical liability environment and kept doctors practicing in the state. But MSNJ general counsel Lawrence Downs called it a “Band-Aid approach,” adding that more comprehensive measures are needed to improve the liability climate.

“Our hope is with the sunset of this fund, we can reopen the dialogue on more structural reform … and take a more rational approach to compensating plaintiffs in medical malpractice claims,” Downs said.
see original

You may also like

Legislative panel approves medical malpractice bill
Read more
Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs
Read more
Global Center for Medical Innovation launches
Read more

Recent Posts

California Healthcare Providers, Trial Attorneys, Legislators Reach Deal to Increase MICRA Cap

Corporate Acquisitions Accelerating Surge in Employed Physicians

AM Best Maintains Negative Outlook for MPL Segment in 2022, Cites Rising Loss Costs, Increasing Severity, Diminished Reserves

Popular Posts

2022 Medical Malpractice Insurance Rates: What the data tells us

Arizona Court Decisions Affirm Two Medical Professional Liability Reform Laws

Global Center for Medical Innovation launches

Start Your Custom Quote Process™

Request a free quote