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Wisconsin proposes raising compensation fund assessments

Wisconsin proposes raising compensation fund assessments
May 31, 2012 tfirestine

The Wisconsin Patient Compensation fund has proposed raising assessments 5% to boost reserves. The fund is required for most physicians and hospitals, it covers claims in excess of $1M. The 6/30/11 annual report showed $599M in discounted liabilities against $934M in assets. The state took $200M from the fund in 2007 but was forced to repay it in 2010.

Calculated Risk Advisors is working with clients to navigate the differing state laws reguarding compensation funds and find the most efficient way to comply.

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