Department of Insurance Announces Surcharge Rates for PCF will Decrease
The Indiana Department of Insurance announced the surcharge rates for the Patient’s Compensation Fund (PCF) will decrease for 2019-2020. The new rates will be effective on July 1, 2019. The surcharge rates for physicians will decrease by 10.9 percent and rates for hospitals will decrease by 12.3 percent, which will result in an approximate $20 million dollar savings overall. This is the first decrease in surcharge rates since 2012. An official Bulletin, Bulletin 247, has been posted on the Department's website. The PCF is a dedicated fund administered by the Indiana Department of Insurance. It was created in 1975 by
