|Hearing Scheduled for October 03, 2008|
Pursuant to Chapter 305, §39 of the Acts and Resolves of 2008, the Commissioner of Insurance is conducting an investigation and study of the costs of medical malpractice insurance for health care providers, as defined in G.L. c. 175, §193U. As part of the investigation and study, public hearings will take place on October 3, 2008 at 10:00 a.m. at the offices of the Division of Insurance, One South Station, Boston 02110, and on October 8, 2008 at 11:00 a.m. in the Council Chamber of Worcester City Hall, 455 Main Street, Worcester, MA.
The purpose of the hearings is to receive oral and written statements that will assist in the examination and analysis of, among other things, 1) the availability and affordability of medical malpractice insurance; 2) the factors medical malpractice insurers consider when increasing premiums; 3) options for decreasing premiums including, but not limited to, establishing a reinsurance pool with additional stop loss coverage, subsidizing premium payments of providers practicing in certain high-risk specialties or in specialties for which the cost of premiums represents a disproportionately high proportion of a health care provider's income, subsidizing premium payments of providers who do not qualify for group coverage rates and pay higher premiums for commercial market insurance, and prorating premiums for providers who practice less than full-time; and 4) funding mechanisms that would facilitate the implementation of recommendations arising out of the study which may include, but not be limited to, charges borne by the health care industry or other entities.
This matter has been assigned docket number M2008-01. Any person who wishes to make an oral statement is requested to file a Notice of Intent to Comment with the Division of Insurance on or before October 1, 2008. All other persons who wish to make oral statements will be heard after those who notify the Division of Insurance in advance. Written comments may be submitted at either hearing and thereafter until the record of the hearing is closed. All submissions must be sent to: Docket Clerk, Hearings and Appeals, Division of Insurance, One South Station, Boston, Massachusetts, 02110-2208, and must refer to Docket No. M2008-01.
Dated: September 9, 2008
Nonnie S. Burnes
Commissioner of Insurance