The New Jersey Senate is scheduled to vote on medical malpractice legislation that would create a $90 million fund to help physicians cover their insurance costs today.
The proposal also places a tax on health care providers and a new licensing fee on doctors and lawyers.
It does not place any limits on malpractice awards but does tighten lawsuit filing rules and gives the state insurance department more leeway in curtailing insurance rate increases. The Medical Society of New Jersey had backed limits on awards but is also supporting this measure without such a cap.
The bill has already passed the House. Gov. James McGreevey is expected to sign the measure if it reaches his desk.
The Senate may also take up a bill that would require reporting of medical errors that has passed the Assembly in amended form.
Was this article valuable?
Here are more articles you may enjoy.
Red Flags Adjusters Should Look for in Truck Accident Claims Investigations 
Lloyd’s Market Engaging With US on Gulf Maritime Plan, Officials Say 
Westchester Close to Settling $230M-Plus Hurricane Condo Claim 
Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.