National Medical Malpractice Insurance and Arbitration Act

[AI summary unavailable — showing source text] National Medical Malpractice Insurance and Arbitration Act - Directs the Secretary of Health, Education, and Welfare, under the Public Health Service Act, to establish a program of national medical malpractice insurance. Authorizes the Secretary to enter into contracts with physicians and other health professionals and with health care institutions which choose to participate in such program to provide insurance coverage under this Act. States that insurance coverage provided by any contract entered into pursuant to this Act shall consist of insurance benefits for the insured against loss resulting from liability for medical malpractice respecting injury suffered as result of the provision of health care services by the insured. Establishes in the Treasury a Medical Malpractice Insurance Fund to be available, without fiscal year limitation: (1) for making such payments as may be required under this Act; and (2) to pay the necessary administrative expenses of carrying out the insurance program. Stipulates that the Secretary shall make insurance available in only those States which he finds have established programs: (1) for the initial arbitration of medical malpractice claims; (2) …