New York physicians are asking for a moratorium on a medical malpractice insurance rate hike that state insurance officials are expected to announce next week. The rates, set each year by the state’s Insurance Department, are expected to go up by as much as 9% on July 1, physicians and insurance industry sources said. By law, the agency could also impose an additional 8% levy on doctors to supplement the reserves of the malpractice insurance carriers, which might otherwise be exhausted in the near future. The rate hike comes just as doctors nationwide are bracing for reduced payments from the federal government, which is scheduled to cut fees by 10.6% to doctors who treat Medicare patients. The House of Representatives passed legislation to reverse the reimbursement cut — which is also expected to take effect July 1 — but President Bush has threatened to veto the legislation.
Please click on the link below to read the New York Sun article:
http://www.nysun.com/new-york/new-york-doctors-seek-malpractice-moratorium/80839/
For more information on defending medical malpractice and nursing home matters in Florida contact Howard Citron at The Citron Law Firm, P.A. – www.citronlegal.com.
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Posted by citronlegal 
