The PIAA is a national association of physician/provider-owned and/or -operated medical liability insurance companies, which insure more than 60 percent of America’s private pacticing physicians as well as dentists, hospitals, and other healthcare practitioners.
The Physician Insurers Association of America (PIAA) is the only trade association representing the physician-owned and/or -operated medical professional liability insurance industry.
PIAA Analysis
The new provision has the potential to be onerous for medical liability insurers, and could complicate claims involving Medicare beneficiaries. Because the legislation was rushed to a vote so quickly, however, it is not clear if Members of Congress fully understood the possible effect of the reporting requirement, and may have instead only focused on its potential cost-savings for Medicare.
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