Doctors May Get Loans From the State
Cheyenne, Wy – The Wyoming house and senate both approved bills that will allow doctors to apply for loans for special medical malpractice insurance. Called tail and nose coverage, it covers the high costs doctors pay when they leave an insurance carrier and join a new one. Amendments also allow loans to be used to help doctors pay for joining a risk retention group. Senator Irene Devin says otherwise doctors may have to spend loan money on some insurance companies that are financially risky, as they attempt to get the cheapest rates.
But, Senator Jayne Mockler continues to be concerned about providing state money to wealthy doctors. Similar concerns were expressed during house debate on the bill, but the measure passed both houses. It heads for a conference committee.