Doctors and hospitals would be able to claim tax credits for malpractice insurance premiums on their 2003 and 2004 returns under legislation Sen. Richard Durbin (D-Ill.) plans to introduce today. Physicians in high-risk specialties, such as obstetrics, would be eligible for a tax credit of 20% of their total premium, while those in lower-risk specialties would qualify for a 10% credit. For-profit hospitals would be eligible for a tax credit equal to 15% of their malpractice premiums, while not-for-profit hospitals would receive federal grants equal to 15% of their premiums. Meanwhile, several thousand physicians, some bused in from hundreds of miles away, gathered in Chicago for a rally to lobby federal lawmakers for limits on damages in malpractice cases. The rally, organized by the Chicago Medical Society in conjunction with the Illinois State Medical Society and the American Medical Association, is another in a series of protests nationwide. The AMA is sponsoring a similar rally Thursday in Trenton, N.J., and a statewide protest by New York doctors May 20. -- by Tony Fong and Michael Romano
Tax credit proposed to offset malpractice premiums
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