Health and Ageing
Medical indemnity — competitive neutrality charge
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | |
|---|---|---|---|---|
| Department of Health and Ageing | 9.3 | 9.1 | 8.7 | 8.3 |
| Related expense ($m) | ||||
| Department of Health and Ageing | 0.5 | 0.3 | 0.1 | 0.1 |
The Government will impose an annual competitive neutrality charge on medical indemnity insurers benefiting from the Government’s incurred but not reported indemnity scheme. The charge will be imposed from 2005 to 2015.
The Government will use the funds from this measure to reduce doctors’ contributions under the UMP support scheme. This is reflected in the associated measure Medical indemnity — reduction in United Medical Protection support payments.
Further information can be found in the joint press release of 13 May 2005 issued by the Minister for Health and Ageing and the Minister for Revenue and Assistant Treasurer.
Medical indemnity — reduction in United Medical Protection support payments
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | |
|---|---|---|---|---|
| Department of Health and Ageing | -12.9 | -11.9 | -21.5 | -19.2 |
| Related expense ($m) | ||||
| Department of Health and Ageing | 0.2 | .. | .. | .. |
| Medicare Australia | 0.1 | - | -2.8 | -4.8 |
| Total | 0.2 | .. | -2.8 | -4.7 |
The Government will reduce doctors’ contributions to the cost of the United Medical Protection (UMP) support scheme by $1,000 in both 2005-06 and 2006-07 for all doctors making these payments, and reduce the duration of the scheme by two years to terminate in 2006-07.
The reduction in revenue is to be offset by the introduction of a competitive neutrality charge in the associated measure Medical indemnity — competitive neutrality charge.
Further information can be found in the joint press release of 13 May 2005 issued by the Minister for Health and Ageing and the Minister for Revenue and Assistant Treasurer.