Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | PA Orthopaedic Surgeons Praise House Vote, Urge Governor’s SignatureThe Pennsylvania Orthopaedic Society (POS) praised the state House of Representatives for today’s passage of Senate Bill 1280 (SB1280) on a 117 to 81 vote.
By: Pennsylvania Orthopaedic Society Sponsored by Senator John Rafferty (R-Montgomery) “This initiative is vital to high risk specialty physicians, especially orthopaedic surgeons” said POS President Wayne Sebastianelli, MD. “Primary premium increases resulting from increased medical liability limits called for by current law coupled with Mcare payments assessed for lagging cases, will put Pennsylvania at great risk of losing high risk specialists.” Without SB1280, high risk specialty physicians will need to obtain $750,000 and subsequently $1million in coverage from the private medical liability insurance market while continuing to pay Mcare annual assessments. If high risk specialists are required to seek $750,000 in coverage from the private market, they would experience premium increases in the magnitude of 25%. This shock wave could return Pennsylvania to the situation physicians and hospitals experienced in the late 1990s and early 2000s. SB 1280 is particularly beneficial to private practice physicians, the physicians who are most sensitive to spikes in liability costs. “SB 1280 delivers tangible benefits to all in the medical community. In addition to delivering premium stability and predictability to physicians for a defined time frame, the bill also creates a new calculation formula for annual Mcare assessments. This provision will ensure that the Mcare Fund does not collect excessive amounts from physicians and hospitals to pay the Fund’s annual liabilities.” POS expressed its sincere gratitude to both Chambers of the General Assembly, particularly Senators John Rafferty, Donald White, Joseph Scarnati, Dominic Pileggi, Jay Costa and Representatives Todd Eachus, Dwight Evans, Tony DeLuca, and Tom Killion, who each played a critical role in bringing predictability to Pennsylvania’ Sebastianelli also urged Governor Ed Rendell to sign SB 1280 when it reaches the Governor’s Desk. “We understand Governor Rendell has legitimate concerns with the Mcare assessment provisions. On balance, however, SB 1280’s benefits are significant to orthopaedic surgeons and we urge him to sign the bill.” POS is a professional medical specialty organization representing more than 900 orthopaedic surgeons across Pennsylvania in advocating for excellence in the practice of orthopaedic medicine. For more information, visit the POS website at www.paorthosociety.org. # # # POS is a professional medical specialty organization representing more than 900 orthopaedic surgeons across Pennsylvania in advocating for excellence in the practice of orthopaedic medicine. For more information, visit the POS website at www.paorthosociety.org. End
Account Phone Number Disclaimer Report Abuse
|
|