Acting New York State Insurance Superintendent Kermitt Brooks announced today that he is delaying the setting of new medical malpractice insurance rates.
He said the delay is to allow time for the Senate to respond to the Assembly’s approval of an extension of the freeze on medical malpractice rates.
That legislation is one of several bills being held up by the budget stalemate in Albany.
When rates for 2009-2010 are determined, they will be retroactive to July 1, 2009.
Governor David A. Paterson last August signed legislation as part of the budget to freeze medical malpractice rates for physicians for one year until June 30. Supporters said that without this legislation, many physicians would have seen as much as a 30 percent increase in rates.
Topics Legislation New York
Was this article valuable?
Here are more articles you may enjoy.
More US Beef Plants May Close as Cattle Herds Keep Tightening 
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim 
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
NTSB Unclear Who Was at Controls in Jet Crash That Killed Biffle and 6 Others 
