PCF Announces Rate Reduction for 2011
On
Thursday, September 2, the Patients Compensation (PCF) Oversight Board
approved a 15.8 percent rate reduction for 2011 surcharges paid by
physicians.The range for annual savings by physicians can vary from
approximately $1,000 to more than $8,000, depending on individual
specialty. The PCF also approved a decrease in hospital premium rates by
11.2 percent for 2011. More information will be available in a detailed
article in the Nov/Dec issue of Caspules.
“For the past three years, the highest legislative priority of the
LSMS has been preservation of the caps and the financial integrity of
the PCF,” said Dr. Vincent Culotta, vice chairman of the PCF Oversight
Board and chair for the LSMS Council on Legislation. “This decision by the Board to reduce the rates is not
only the result of a sound strategic plan, but also the tireless
efforts of the LSMS and physicians who volunteer to serve on the Board
and advocate on behalf of all physicians.”
Members of the PCF Board include Mr. Clark Cosse, Chairman; Dr. Vincent Culotta, Vice Chairman; Mr. Kent Guidry, Secretary; Mr. Joseph Donchess; Dr. Melanie Firmin; Dr. William St. John LaCorte; Dr. Katharine C. Rathbun; Mr. Manuel DePascual; and Mr. James E. Hritz.
“When your colleagues are elated at the reduced rates, remind them that organized medicine provided instrumental leadership in getting this reduction for all physicians,” said Dr. Culotta. “If they are not LSMS members, please encourage them to support the Society. Your annual LSMS membership dues are the best way to ensure continued success of our legislative advocacy efforts.”
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