State medical malpractice fund has $1 billion surplus
Malpractice attorneys say the large size of the
"
Doctors say the fund provides stability and must be large enough to cover unexpected claims.
"The fund has paid out more than
In 2007, then-Gov.
But three years later, the
Doctors and some other health care providers are required to pay into the fund, which started in 1975 and covers malpractice awards of greater than
The state
Despite the lower fees, the fund grew to
The
The increase "was driven primarily by positive investment income and decreasing estimated loss liabilities," according to
"Although the fund's net position is above the target range, it is important that OCI continue to manage the fund prudently for the benefit of both the participating providers and the claimants," the audit said.
Recent payments
In 2016-17, the fund made just one payment of
That includes
The payment was the second-largest award made by the fund, according to state records going back to 1996. The largest was
From 1975 to
State restrictions
Malpractice attorneys say injured patients in
Parents in
In other wrongful death cases, damages are capped at
In other medical malpractice cases, non-economic damages, such as for pain and suffering, are capped at
The cap on total damages for UW-Madison doctors is
___
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