News Release |
³Ô¹ÏºÚÁÏ Department
of
|
For Immediate Release: Oct. 25, 2005 |
For Further Information: Jaimee Gilmartin - (609) 292-5064 |
Medical Malpractice Liability Insurance Subsidy Payments Are In the Mail
TRENTON – ³Ô¹ÏºÚÁÏ Banking and Insurance Acting Commissioner Donald Bryan today announced that the first subsidies are being distributed to eligible medical practitioners pursuant to the Medical Malpractice Liability Insurance Premium Assistance Fund (MMLIPA). The subsidy payments, nearly $11,000 each to 1,200 physicians, implement an important section of the ³Ô¹ÏºÚÁÏ Medical Care Access and Responsibility and Patients First Act of 2004. The Act
seeks to protect medical access for ³Ô¹ÏºÚÁÏ residents in part by offering assistance in the payment of medical
malpractice insurance premiums for physicians in certain high-risk specialties.
Practitioners and healthcare providers in the following medical specialties and subspecialties were eligible to apply for a subsidy from the Fund to be distributed this month:
This past summer, the Department of Banking and Insurance accepted applications from practitioners who are eligible for the MMLIPA subsidy. The Department worked in consultation with the ³Ô¹ÏºÚÁÏ Department of Health and Senior Services in determining which medical specialties and subspecialties were eligible for assistance this year.
While 65 percent of the Fund is dedicated to premium relief, the remainder will benefit hospital charity care, NJ FamilyCare and student loan reimbursement for obstetricians and gynecologists who are committed to practicing in the state.
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