A bill to amend the Public Health Service Act to provide for a national program of medical injury compensation insurance.

[AI summary unavailable — showing source text] National Medical Injury Compensation Insurance Act - Adds a new title to the Public Health Service Act authorizing the Secretary of Health, Education, and Welfare to establish and implement a program of national medical injury compensation insurance. Establishes in the Treasury a Medical Injury Compensation Insurance Fund for making such payments and paying such administrative expenses as necessary for carrying out the insurance program under this Act. Stipulates that participation in the insurance program shall be conditioned upon continued compliance with specified requirements for eligibility, including agreement by the physician to review of health care services by the Professional Standards Review Organization. Provides that the insurance program established under this Act shall provide: (1) insurance benefits to insureds for compensation for loss incurred as a result of tort liability; and (2) no-fault benefits to beneficiaries of contracts entered into in accordance with the provisions of this Act for compensation for loss from any injury suffered as a result of health care services provided by an insured. States that the no-fault benefits shall consist of compensation for l…