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Medical malpractice panel. |
04LSO-0206.L3 |
FISCAL NOTE (HB0102)
This bill contains an authorization of 1 Part-Time position to the Office of Attorney General for the purposes of carrying out the duties of the Office under the Wyoming Medical Review Panel Act.
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FY 2006 |
FY 2007 |
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NON-ADMINISTRATIVE IMPACT |
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Anticipated Revenue Increase (Decrease): |
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EARMARKED REVENUE |
100,000 |
100,000 |
100,000 |
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GENERAL FUND |
(100,000) |
(100,000) |
(100,000) |
The bill provides no increase or decrease in revenues to the State, but transfers $100,000 of the annual premium tax collections paid by insurers from the General Fund to the Medical Review Account within the Earmarked Revenue Fund to be used to fund the medical malpractice panel.
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FY 2005 |
FY 2006 |
FY 2007 |
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NON-ADMINISTRATIVE IMPACT |
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Anticipated Expenditure Increase: |
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EARMARKED REVENUE |
100,000 |
100,000 |
100,000 |
Source of Expenditure Increase: Expenditures would consist of panel member compensation as set forth in W.S. 9-2-1505(c) up to $100,000 per year. These same expenditures would be entirely offset by insurance premium taxes. Expenditures would be dependent on the number of hearings and the length of those hearings.
Assumptions: This assumes that as written, the proposed legislation only provides for hourly compensation of panel members while taking part in hearings, not while preparing for hearings (e.g. claim review). It also assumes that $100,000 per year would be sufficient to cover panel member compensation.
The fiscal impact to the judicial system is indeterminable due to an unknown number of cases.
This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:
Attorney General’s Office
Prepared by: Wendy Madsen, LSO Phone: 777-7881
(Information provided by Matthew Petry, Attorney General’s Office, 777-7840; Ken Vines, Wyoming Insurance Department, 777-6894; and Holly Hansen, Wyoming Supreme Court, 777-7583).