Proposed bill would double number of PCF payout dates per year

Up for second reading today is Senate Bill 56, which would change the current processing and payout dates for the Indiana Patient’s Compensation Fund from twice a year to four times per year.

Currently, medical malpractice cases that exceed the $250,000 cap may be resolved for up to another $1 million with the Indiana Patient’s Compensation Fund (PCF). The trick however is that the PCF processes and pays out on these claims twice per year and all settlements require the approval of court on or before June 30 and December 31. The second of these dates is tricky because judges are hard to find the week between Christmas and New Years Day. If the parties miss the deadline, then it’s another six months before there can be a payout. Additional dates might put a little less pressure on the parties to scramble to settle cases or it might cause four rounds of chaos per year instead of two. Time will tell if it ends up passing.

Indiana General Assembly Senate Bill 56 – 2014 Session.

Advertisements

About Matt Anderson

I am civil trial attorney in South Bend, Indiana and have practiced on both sides of insurance and personal injury law in Illinois and Indiana for the better part of ten years. I created this blog as a way for other Indiana civil litigation and trial attorneys to get meaningful updates on cases ad issues that affect their practice. (I'll admit that there is some self-interest involved since it's also a handy way to summarize and file my own research.)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: