No limits on jury awards; provides for creation of $78M fund to offset physiciansâ€™ insurance
(6/10/2023) - The Philadelphia Inquirer reports this week that N.J. Gov. Jim McGreevey has signed into law the compromise measure designed to hold down medical malpractice insurance costs while preserving a patientâ€™s right to sue.
According to the Inquirer, doctors were pushing for limits on jury awards to injured victims and campaigned door to door last year. According to the Inquirer, doctors dropped their opposition to the Assembly Democratsâ€™ plan of a supplement fund following Novemberâ€™s legislative election.
According to the Inquirer, the subsidies will be funded by doctors, lawyers, chiropractors and dentists through a license fee.