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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 - FY92 THROUGH FY98

 

ACTUAL

FY 1991-92

ACTUAL

FY 1992-93

ACTUAL

FY 1993-94

ACTUAL

FY 1994-95

ACTUAL

FY 1995-96

ACTUAL

FY 1996-97

PROJECTED

FY 1997-98

Expenditure

$32,000,000

$45,192,100

$41,913,608

$41,998,864

$50,792,100

$61,984,567

$65,000,000

Percentage Change

--

41.23%

(7.25%)

.20%

20.94%

22.04%

4.87%

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 1998-1999.

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 Patients Compensation Fund. Louisiana Revised Statute 40:1299.44 created the Patients Compensation Fund and related statutes provides for usage and administration of this fund by the Patients 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

$65,000,000

0

 

ACT 18 FISCAL YEAR 1997-1998

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$0

$65,000,000

0

 

EXISTING OPERATING BUDGET - December 10, 1997

 

 

 

 

 

$0

$10,000,000

0

 

Adjustment to projected expenditure level based on current and prior years' expenditure levels

 

 

 

 

 

$0

$75,000,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$10,000,000

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 115.4% of the existing operating budget. It represents 115.4% of the total request ($65,000,000) for this program. The increased funding recommendation over existing operating budget and total requested is attributed to current year expenditure activity. Although the program administrator is attempting to contain costs, the expenditure patterns of prior years and the first seven (7) months of current year reflects the necessity to project increased expenditure growth for Fiscal Year 1999.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1997-1998.

OTHER CHARGES

$75,000,000

 

Estimated Patients Compensation Fund payments for Fiscal Year 1998-1999

 

 

 

$75,000,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1998-1999.


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