Medical malpractice insurance account-2.

04LSO-0662.C1

                                                         

FISCAL NOTE

 

 

This bill contains an appropriation of $8,200,000 from the BUDGET RESERVE ACCOUNT to the new Medical Malpractice Insurance Assistance Account. This appropriation is effective immediately.

 

The above appropriation will be loaned to physicians for a portion of their medical malpractice insurance premiums for prior events.

 

The amount of potential expenditure from the above appropriation is unknown, because the number of qualifying physicians is unknown.

 

Amounts loaned will be repaid by the physicians receiving assistance, with interest computed at a rate of 2%.

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

 

 

 

 

 

 

 

 

 

 

 

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact:

 

Department of Health