What Is The Patient Compensation Fund?

The Indiana Medical Malpractice Act establishes a Patient Compensation Fund that functions as a system of excess insurance for health care providers. A qualified provider establishes financial responsibility by purchasing malpractice liability insurance. Effective July 1, 1999, required limits for physicians and hospitals are $250,000 per occurrence. The maximum liability of a qualified provider for an occurrence is limited to the amount of required insurance. The Patient Compensation Fund is liable for the excess over what is owed by all the qualified providers, up to an overall damage cap.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified medical malpractice lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local medical malpractice attorney to discuss your specific legal situation.

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