Federally Supported Health Centers Assistance Act of 1995

Federally Supported Health Centers Assistance Act of 1995 - Amends the Public Health Service Act to remove provisions ending, on a specified date, the application of provisions: (1) deeming health care practitioner officers, employees, or contractors of certain entities (migrant and community health centers and grant recipients for health services to the homeless and to residents of public housing) to be employees of the Public Health Service (PHS); and (2) making a malpractice action against the United States the sole remedy against such practitioners. Adds governing board members to the list of practitioners deemed to be PHS employees.

Allows, in certain circumstances, deeming the practitioners to be PHS employees while treating individuals who are not patients of such entities.

Requires approval of an application for the deeming. Sets forth an application process.

Directs the Attorney General to appear in State court actions to advise the court whether an officer, governing board member, employee, or contractor has been deemed to be an employee of the Public Health Service.

Provides for the application of coverage to managed care plans.

Revises the requirements: (1) to be considered a contractor of such an entity; and (2) of due process regarding exclusion of specific individuals from coverage.

Reduces the maximum limit on the fund set up to cover annual estimated claims.

Requires the Comptroller General to report to the Congress on: (1) the claims experience of entities deemed to be employees under this Act; (2) the risk exposure of those entities; (3) the value of private sector risk management services; and (4) certain comparisons, analyses, and estimates related to this Act.