PennsylvaniaOverdue medical damage payments would accrue interest from their due dates
If enacted, overdue installments of future damages would accrue interest at the legal rate starting on the date each payment was due.
What it does
Prejudgment interest, postjudgment interest, and delay damages would not accrue on periodic future-damage payments before they are due. Late payments would accrue interest at the legal rate from the due date.
Argument forRecipients of unpaid installments could have a clear interest start date: the date each payment was due.
Argument againstThose responsible for payments could owe interest at the legal rate as soon as an installment misses its due date.
More detail
Prejudgment interest, postjudgment interest, and delay damages would not accrue on a periodic payment before its due date. This applies to periodic payments of future damages under the Mcare Act. If a payment is not made by its due date, interest at the legal rate accrues from that date. If enacted, the act would take effect 60 days after enactment.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 7Referred to JudiciaryIntroduced
HealthcareGovernment & EthicsPublic Safety