News Medical indemnity is set for a shake-up, with new rules making it compulsory for providers to offer universal cover to be introduced. Under the new rules, insurers would be able to increase the current maximum risk surcharge to 200% of the premium, up from 100% presently. The proposed new laws would end the situation where only the insurer of last resort in each state must offer medical indemnity. Under the new rules, insurers would be able to increase the current maximum risk surcharge to 200% of the premium, up from 100% presently. This risk surcharge would be paid by doctors deemed to have engaged in practice deviating from good medical practice. newsGP understands the risk premium would affect a very small number of practitioners. The Federal Government began subsidising medical indemnity after Australia’s then-largest provider went into provisional liquidation in 2002, leading to a spike in premiums. The […]