As a not-for-profit organization, the CMPA collects membership fees from physicians each year. Through prudent investments, the Association is able to reduce the fees charged to members by roughly one third. Funds held are used—on behalf of members—to compensate patients harmed by negligent medical care (fault in Québec), support members facing medico-legal difficulties and advance safe medical care.
We strive to ensure member resources are used efficiently and appropriately, and we are committed to containing growth in medical liability protection costs.
The strong returns on our investment portfolio over the past few years combined with a slowdown in the growth of medico-legal costs has significantly improved the CMPA’s financial position. As a result, steps have been taken to implement year-over-year reductions to member fees. In 2020 and 2021 respectively, members were provided with $40.4 million and $99.5 million in fee credits, lowering the cost of membership fees. In 2022, this number will double to almost $200 million in fee reductions (credits).
We will continue to provide timely and appropriate compensation to patients on behalf of our members, protect and support physicians and help them provide safe medical care. We will work to provide members with credits to reduce fees and lower the Association’s asset levels as appropriate.