Wisconsin Medical Society CEO Bud Chumbley, MD, MBA, has successfully advocated for an extension of the Injured Patients and Families Compensation (IPFCF) premium holiday through mid-2022.
This will be the second straight year physicians, CRNAs, and hospitals enrolled in the IPFCF will realize significant savings. The action was taken at the December 16th meeting of the IPFCF Board of Governors, including Dr. Chumbley.
“Because the IPFCF is run prudently and is in a stable financial position, we are fortunate the fund can provide some fiscal relief for physicians exactly when they need it most,” Dr. Chumbley said. “The pandemic has taken a dramatic toll on smaller clinics even as physicians have stepped up to take care of patients and this announcement certainly comes at a perfect time.”
The previous IPFCF holiday was announced on June 17, 2020.
Full-time physicians will save between $382 and $2,521 depending on specialty, with residents saving $229, and part-time or retired physicians saving $95. The premium holiday will be in effect from July 1, 2021 through June 30, 2022.
Please contact Society Chief Policy and Advocacy Officer, Mark Grapentine, JD, for additional information.