MLMIC February 2021 Albany Report

“The February 2021 issue of MLMIC’s Albany Report breaks down items of interest from Governor Cuomo’s 2021-22 NYS Proposed Executive Budget and highlights some potential political considerations.

Governor Cuomo releases $193 billion Executive Budget.

  • Requires Section 18-eligible physicians and dentists to pay half of the premium for excess professional liability coverage
  • Includes a one-year extension of the Department of Financial Services Superintendent’s authority to “set and establish” primary and excess rates for physicians’ and surgeons’ professional liability insurance
  • Supports the NYS Medical Indemnity Fund with a proposed appropriation of $52 million
  • Puts forth proposed modifications to the New York State Office of Professional Misconduct that dilute or eliminate needed protections

MLMIC has strong concerns about some of these proposals and will join our medical and dental partner societies in continuing to advocate for the needs of physicians, dentists, hospitals, and all other participants in the New York healthcare sector.”

CLICK HERE to read the full article.

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