Why isn't Tort Reform the first step to bringing down the cost of insurance and lowering overall costs?
Mississippi is a great test case that has seen a 91% decrease in malpractice lawsuits since 2004. Their regulations allow you to recover earnings lost and medical expenses but cap non-economic gain to $500,000. They have seen a reduction in healthcare insurance and more competition. More doctors and businesses have come to Mississippi since the legislation became law.
http://tinyurl.com/la4hsf
I hate to say it, but the Trial Lawyer lobby has invested so much money into the campaigns of almost every Congressional legislator it is hard to think this will get more than a quick glance as we are in such a hurry to get massive legislation signed.
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