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patient compensation fund

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patient compensation fund,
a fund usually established by state law, commonly financed by a surcharge on malpractice premiums, and used to pay malpractice claims.


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There was a Thursday night information meeting that provided information relative to Chapter 655 of the Patient Compensation Fund.
Thus, the plaintiffs bar is aggressively seeking to ensure that all nursing home residents have access to compensation in the event of liability, and it is in discussions with policymakers in several states to create patient compensation funds, mandating a certain level of liability limit for all nursing home operators.
Nonetheless, fiscal balance remains narrow and anticipates receipt of revenues from tribal gaming revenues and patient compensation fund transfers, both currently being litigated; combined amounts of disputed revenues are $230 million.
 
 
 
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