Wis. malpractice funds running out - WKOW 27: Madison, WI Breaking News, Weather and Sports

Wis. malpractice funds running out

MADISON (WKOW) -- A fund that helps pay for expensive medical malpractice claims is short on money after lawmakers cut $200 million from the fund to try to balance the state budget.

The dwindling funds in the Injured Patients and Families Compensation Fund was also hurt by the economic recession and rising costs of malpractice claims, according to a Legislative Audit Bureau report.

The report says the funds will continue to dwindle unless the board charges health care providers more for its services. In 2009, the board raised its rates by almost 10 percent.

Meanwhile, the Wisconsin Medical Society is fighting the transfer of $200 million that was approved in 2007. That decision now rests with the Wisconsin Supreme Court.

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