Pharmacists face indemnity insurance price hikes

Pharmacists could face increased indemnity insurance premiums thanks to a plan to amend Federal Government funding for high cost claims.

This follows a review of the government’s Medical Indemnity Insurance Fund, which has recommended that protection offered to medical indemnity providers for high-cost claims be limited to doctors.

“It is recognised this will have an impact, particularly on Guild insurance, who has made the majority of claims in respect of [other] health professionals,” the review report says.

“Guild Insurance has also advised that changes