Changes the discount rate for structured judgments in medical malpractice actions.

This bill amends the civil practice law and rules to change the discount rate for structured judgments in medical malpractice actions. For streams of payments exceeding twenty years, the discount rate will be calculated by averaging the rate for the ten-year United States Treasury Bond for the first twenty years and two percentage points above the rate for the thirty-year United States Treasury Bond for the remaining years.

Changes the discount rate for structured judgments in medical malpractice actions.

This bill amends the civil practice law and rules to change the discount rate for structured judgments in medical malpractice actions. For streams of payments exceeding twenty years, the discount rate will be calculated by averaging the rate for the ten-year United States Treasury Bond for the first twenty years and two percentage points above the rate for the thirty-year United States Treasury Bond for the remaining years.