New Audit Finds Millions in Accounting Mistakes at Injured Patients Compensation Fund

State auditors are once again criticizing Wisconsin’s Office of the Commissioner of Insurance for millions of dollars in accounting mistakes in the state’s fund for medical malpractice claims.

The Legislative Audit Bureau on Tuesday released a report into the Injured Patients and Families Compensation Fund for the past three years. The audit found several, repeated accounting mistakes that overstated or understated the fund’s finances, including a $60.9 million mistake for the last two years.

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