[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 485 Introduced in House (IH)]
108th CONGRESS
1st Session
H. R. 485
To provide for a Federal program to stabilize medical malpractice
insurance premiums.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 29, 2003
Mr. Pallone introduced the following bill; which was referred to the
Committee on Energy and Commerce
_______________________________________________________________________
A BILL
To provide for a Federal program to stabilize medical malpractice
insurance premiums.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Federal Medical Malpractice
Insurance Stabilization Act of 2003 ''.
SEC. 2. FEDERAL PROGRAM TO STABILIZE MEDICAL MALPRACTICE INSURANCE
PREMIUMS.
(a) Establishment.--The Secretary of Health and Human Services
shall establish and oversee a program under which insurance companies
and other underwriters offering medical malpractice insurance coverage
in the United States reinsure all claims in excess of $250,000 through
automatic reinsurance from a national fund that would be available to
such companies and underwriters in order to provide stability in the
market for medical malpractice insurance coverage.
(b) Terms and Conditions.--The Secretary shall establish the terms
and conditions of such a program, including the premium amount to be
charged for such reinsurance.
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