Two bills introduced to the Illinois General Assembly would double physician licensing fees to $200, which would go toward increasing regulatory oversight of physician conduct, according to a Crain's Chicago Business report.
The fees would go toward a fund designed to offset the cost of regulatory activities by the Illinois Department of Financial and Professional Regulation. That fund, without the proposed increases, would see a deficit of approximately $6.9 million by fiscal year 2014, according to the report. However, increasing physician licensing fees would bring in a surplus of $7 million, which would be used to increase staffing at the state regulatory department.
The Illinois State Medical Society has blasted the proposed legislations, arguing state officials have transferred millions of dollars from that regulatory fund to the state's revenue fund for general operations.
The fees would go toward a fund designed to offset the cost of regulatory activities by the Illinois Department of Financial and Professional Regulation. That fund, without the proposed increases, would see a deficit of approximately $6.9 million by fiscal year 2014, according to the report. However, increasing physician licensing fees would bring in a surplus of $7 million, which would be used to increase staffing at the state regulatory department.
The Illinois State Medical Society has blasted the proposed legislations, arguing state officials have transferred millions of dollars from that regulatory fund to the state's revenue fund for general operations.
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