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Health care stabilization fund sees rising claim volume; lawmakers press actuarial breakdowns and board membership questions
Summary
Staff told lawmakers the Health Care Stabilization Fund is budgeted at $47.8 million for FY26 and about $48.5 million for FY27; open and new claims rose in the most recent estimate, and committee members requested specialty breakdowns and class counts used in actuarial surcharge calculations.
The Health Care Stabilization Fund (the state secondary insurer for professional liability) projects roughly $47.8 million in approved expenditures for FY26 and an agency request near $48.5 million for FY27, staff told the Committee on Social Services Budget.
Edgar Klein, fiscal analyst, said the fund’s spending is driven by claims: state operations make up roughly 20 percent of expenditures while claims account for about 80 percent. "Open claims at the start of the year grew by 3.8% from 930 claims to 966 claims, and new claims opened during the year increased by 11.1% from 519 to 580," Klein said.
Mister Schultz,…
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