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Bill > S949


NJ S949

NJ S949
Extends Medical Malpractice Liability Insurance Premium Assistance Fund and collection of annual surcharges for 5 years.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

2010-2011 Regular Session

Bill Summary

This bill extends the Medical Malpractice Liability Insurance Premium Assistance Fund for five years and reestablishes the collection of annual surcharges for the fund for the five-year period. The primary purpose of the fund is to provide medical malpractice liability insurance premium subsidies to health care providers who, as a class of providers, are most severely impacted by high medical malpractice premium rates. In addition, monies from the fund are allocated for various health care purposes, including funds: to the Health Care Subsidy Fund for charity care subsidies to hospitals, to the NJ FamilyCare Program, and to provide student loan expense reimbursement for certain obstetrician/gynecologists. The surcharges apply to all employers subject to the "unemployment compensation law," ($3 per employee each year), and to practicing physicians, podiatrists, chiropractors, dentists, optometrists, and attorneys licensed in this State ($75 each year). The bill repeals sections 29 and 30 of P.L.2004, c.17. The provisions of section 29, concerning student loan expense reimbursement for certain obstetricians/gynecologists, had expired three years after the effective date of P.L.2004, c.17, and this bill reenacts those provisions as section 3 of the bill. The provisions of section 30 concerning NJ FamilyCare coverage for certain pregnant women whose income is up to 100% of the federal poverty level, are no longer necessary since eligibility for Medicaid was expanded in 2005 to cover parents and children whose income is up to 133% of the federal poverty level. The monies from the Medical Malpractice Liability Insurance Premium Assistance Fund that had been allocated in 2004 to the coverage of pregnant women will now be allocated to the NJ FamilyCare Program.

AI Summary

This bill extends the Medical Malpractice Liability Insurance Premium Assistance Fund for five years, continuing the collection of annual surcharges to support it. The fund's primary goal is to provide subsidies for medical malpractice insurance premiums to healthcare providers most affected by high rates. Additionally, money from the fund is allocated to the Health Care Subsidy Fund for hospital charity care, the NJ FamilyCare Program (a state health insurance program), and a student loan expense reimbursement program for certain obstetricians/gynecologists. The surcharges are $3 per employee annually for employers subject to the unemployment compensation law and $75 annually for practicing physicians, podiatrists, chiropractors, dentists, optometrists, and attorneys licensed in the state. The bill also reenacts provisions for the obstetrician/gynecologist student loan program, which had previously expired, and reallocates funds previously designated for pregnant women's coverage under the NJ FamilyCare Program, as that program's eligibility has since been expanded.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee (on 02/04/2010)

bill text


bill summary

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bill summary

Document Type Source Location Created
Bill https://www.njleg.state.nj.us/2010/Bills/S1000/949_I1.HTM 05/28/2012
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