What Is a Patient Compensation Fund
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What Is a Patient Compensation Fund?
A Patient Compensation Fund (PCF), also known as a Medical Malpractice Compensation Fund, was enacted in several states in the 1970s in response to rising medical malpractice costs and an unstable insurance market that made it challenging for physicians, hospitals, and other medical facilities to obtain coverage. Tort reforms and a pro-plaintiff environment with excessive jury awards contributed to a diminishing insurance market for Medical Malpractice Liability insurance.