How can a Purchasing Group work for you?
- December 07 2009
- Mike Schroeder
- Purchasing Groups
- Comments Off
Back in the 1960’s and later in the 1980’s, the products liability and medical malpractice crisis caused the federal government to diverge from its historical practice of leaving the regulation of insurance to the states. Based on a medical liability market where doctors and other health care providers could not obtain insurance covering their negligent acts, the Liability Risk Retention Act of 1986 was passed. 15 USCA 3901 (1986). Tucked away in the law is the enabling legislation for an insurance mechanism known as a Purchasing Group (‘PG”).
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