The Albany Report: New York State Enacted 2025-26 Budget
MLMIC’s The Albany Report offers policyholders a concise, insider’s view of pending legislative, regulatory and political developments that impact physicians, dentists, hospitals and other healthcare professionals practicing in New York State. This edition focuses policyholder attention on the latest developments related to the 2025-26 Budget, the Section 18 Program and the Medical Indemnity Fund.
Specifically, the May 2025 issue of The Albany Report details these items of interest to the New York State medical professional liability insurance market:
- Updates on the Section 18 Program
- Details on the Extension of the New York State Department of Financial Services Superintendent’s authority to “set and establish” rates for physician and surgeon medical professional liability insurance
- Information on the New York State Medical Indemnity Fund
- Developments about the numerous proposals to expand the scope of practice for certified medication aides, medical assistants, pharmacy assistants, pharmacists and physician assistants
The May edition also provides insights on the Governor’s proposal to lower the current NY 9% judgment interest rate and the Reporting Requirements for Healthcare Transactions initiative.
Together with our medical partner organizations, we will continue to seek sensible reform that balances the uneven playing field regarding medical malpractice lawsuits in New York.
You can access additional details in the May 2025 edition of The Albany Report here.
For 50 years, MLMIC has been committed to meeting the medical professional liability insurance needs of physicians, dentists, hospitals and other healthcare professionals. As a core part of its mission, MLMIC is, and always has been, a strong advocate for the healthcare community and has effectively lobbied for legislative and regulatory reform to address those issues that continue to impact healthcare professionals. The Albany Report is intended to enhance this advocacy.
