MPS to freeze GP subscription rates
By Steve Nowottny
The Medical Protection Society is to freeze its GP subscription rates next year.
The defence body has announced that the subscription rate for a full time employed GP will remain at £4,695 next year, with GP registrar, sessional and part time rates also to be frozen.
The move comes despite a recent court judgment that an earnings index, rather than the lower retail prices index, will be used to calculate future care costs in clinical negligence settlements.
MPS chief executive Tony Mason claimed the rate freeze was ‘as a result of careful financial planning over the past ten years.'
‘MPS is a not for profit mutual organisation, we set subscriptions carefully each year to ensure we have sufficient funds to meet the costs of claims and complaints brought against our members at any time in the future,' he said.
‘We have no external shareholders looking for dividends and always seek to set subscriptions that are fair to all members.'
The Medical Defence Union and the Medical and Dental Defence Union of Scotland have yet to announce their rates for 2008/9.