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Pair Say New Medical System Could Save $16 Billion Annually - The Florida Current

January 17, 2013, by James Call

This article notes:

  • PFC Chairman, Richard L. Jackson, and Vice Chairman, Charles Evans, briefed 20 lawmakers on their proposal for a Patients' Compensation System (PCS) to reduce the cost of health care by minimizing defensive medicine practices.
  • A PCS bill is expected to be filed in time for Florida's legislative session that begins March 5th.
  • Actuarial studies indicate a PCS would save Florida $1.5 billion in the first year; up to $16 billion annually after five years.
  • Defensive medicine practices account for 26-32 percent of health care costs according to studies by Gallup and Bio-Science Valuation.

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