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20-929 Patient's Compensation Fund

Program Authorization: R.S. 40:1299.41-.48

PROGRAM DESCRIPTION

This program serves as a repository for funds derived from a surcharge levied on private sector health care providers for the payment of medical malpractice claims in amounts between $100,000 and $500,000.

PATIENT'S COMPENSATION FUND - FY93 THROUGH FY99

 

ACTUAL

FY 1992-93

ACTUAL

FY 1993-94

ACTUAL

FY 1994-95

ACTUAL

FY 1995-96

ACTUAL

FY 1996-97

ACTUAL

FY 1997-98

PROJECTED

FY 1998-99

Expenditure

$45,192,100

$41,913,608

$41,998,864

$50,792,100

$61,984,567

$64,976,879

$75,000,000

Percentage Change

--

(7.25%)

.20%

20.94%

22.04%

4.83%

15.43%

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long-term debt for Fiscal Year 1999-2000.

SOURCE OF FUNDING

The funding for this program is generated from surcharges levied on the private sector health care providers. The funds generated are deposited into the Patient’s Compensation Fund. Louisiana Revised Statute 40:1299.44 created the Patient’s Compensation Fund and related statutes provides for usage and administration of this fund by the Patient’s Compensation Oversight Board. (Per R.S. 39:32B.(8) see table below for a listing of expenditures out of each statutory dedicated fund.)

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

DESCRIPTION

 

 

 

 

 

$0

$75,000,000

0

 

ACT 19 FISCAL YEAR 1998-1999

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$0

$75,000,000

0

 

EXISTING OPERATING BUDGET – November 20, 1998

 

 

 

 

 

$0

$0

0

 

None

 

 

 

 

$0

$75,000,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$0

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 100.0% of the existing operating budget. It represents 100.0% of the total request ($75,000,000) for this program.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1999-2000.

OTHER CHARGES

$75,000,000

 

Estimated Patient’s Compensation Fund payments for Fiscal Year 1999-2000.

 

 

 

$75,000,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1999-2000.

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