[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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