Amends the Health Care Quality Improvement Act of 1986 to require each entity (including an insurance company) which underwrites a policy of insurance for medical malpractice actions or claims to report information respecting such insurance or claims. Specifies that such material shall include: (1) the amount of the premiums collected under each such policy; (2) the outcome of each medical malpractice action or claim brought under such a policy; and (3) a description of the acts or omissions and injuries or illnesses upon which each action or claim was based.
Prescribes a civil penalty of not more than $10,000 for each instance of a payment required to be reported under this Act which is not reported. Provides for the coordination of the information collected under this Act with information reported on medical malpractice payments, with the Secretary to make both sets of data available for free on the Internet without individually identifiable information.