(This article is from the Pennsylvania Medical Society's website archives.)
The state Senate voted 38-9 Wednesday, Sept. 28, in favor of a bill that would amend the Mcare Act of 2002 to delay the phase-out of the Mcare Fund for six more years.
Later in the day the House Insurance Committee voted out Senate Bill 1280, which may come to the House floor for a possible vote next week.
The Senate defeated an amendment 35-12 that would have delayed the phase-out for three years rather than six.
In addition to the phase-out delay, the bill also includes a provision requiring that year-end fund surpluses be used to calculate the Mcare assessment for the following year.
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more information about the Mcare Fund.