Compensation funds can be helpful
NEWS IN BRIEF — Posted July 18, 2005
Patient compensation funds can aid in providing predictability to volatile medical liability insurance markets and can help ease the liability crisis that some states are facing, according to a new report.
The Project on Medical Liability in Pennsylvania, which is supported by the Pew Charitable Trusts, issued the report saying that if they are designed correctly, patient compensation funds can be a useful tool in balancing the needs of patients, physicians and insurers. Nine states either currently employ compensation funds or are still paying claims from a fund that had previously closed.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/07/18/prbf0718.htm.