The Injured Patients and Families Compensation Fund (Fund) was created in 1975 to accommodate medical abuse allowance for Wisconsin healthcare providers in balance of the provider’s primary banned of coverage. The Fund provides advantage in balance of the primary absolute accustomed by statute, which is currently $1 actor per accident and $3 actor accumulated per year.
Doctors, Certified Registered Assistant Anesthetists (CRNA) who primarily convenance in Wisconsin, and abounding types of healthcare accessories are appropriate to participate in the Fund. According to the Fund’s 2016 Functional and Advance Address anachronous Feb. 24, 2017, as of Dec. 31, 2016, there were a absolute of 16,182 Fund participants comprised of 135 hospitals with 18 affiliated nursing homes, 14,050 physicians, 758 assistant anesthetists, 15 hospital-owned or controlled entities, 69 ambulant anaplasty centers, one cooperative, 19 partnerships, and 1,117 corporations actively accommodating in the Fund.
At Dec. 31, 2016, the Fund consisted of 87 percent physicians, 7 percent corporations, and the actual 6 percent included all added participants.
From July 1, 1975, through Dec. 31, 2016, the Fund was called in 6,090 claims filed; 670 of those accept been paid for a absolute of $861,026,275; 5,290 claims accept been bankrupt with no apology payment.
The Fund’s abutting advance report, due March 1, 2018, will accommodate an amend on the Fund’s activities during 2017.
Source: Wisconsin Office of the Commissioner of Insurance
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