10.06.09

Can Tort Reform Bend the Cost Curve?

By | Leave a Comment

On October 6, 2009, the O’Neill Institute hosted a panel on “Medical Malpractice and Health Care Costs: Can Tort Reform Bend the Curve?” to discuss the likely impact of proposed tort reforms on medical mistakes, malpractice system costs, and overall health spending, and why politicians and the press don’t always pay attention to the existing evidence.

Posted in Legal Issues ; Tagged: , , , , .

Comments

Norris Hall says:

Many of us have always believed that greed is one of the factors that make our healthcare system the most expensive in the world.. Government has a place in keeping businesses…lawyers, drug companies, doctors, insurance companies…from making excessive profits off of people who can least afford it.

Even Republicans are starting to get behind the concept that government intervention on behalf of consumers is not only necessary…it is also good.

If we can put arbitrary caps on jury awards, we can put those same caps on the profits that drug companies, hospitals, doctors and insurance companies make.

Tort reform in itself will only save our 2 trillion dollar a year healthcare system about 0.5%

In itself…not a significant amount. But if you take the concept further and start putting caps not only on lawyers, but doctors, hospitals , insurance companies and drug companies…now you are talking real savings.

Government limits to jury awards. Yes.
Government limits to doctors fees. Yes
Government limits to drug companies profits. Yes
Government limits to insurance companies profits. Yes

Now we are all talking the same language

Stay Informed

Signup for our mailing list and stay up to date on the latest happenings at The O’Neill Institute

Or sign up for our RSS Feed

The views reflected in this blog are those of the individual authors and do not necessarily represent those of the O’Neill Institute for National and Global Health Law or Georgetown University. This blog is solely informational in nature, and not intended as a substitute for competent legal advice from a licensed and retained attorney in your state or country.

See the full disclaimer and terms of use.