December 19, 2009

Follow the money - health care reform

Why we will not see Tort Reform any time soon. From Doug Ross:
Top Nine Health Care Charts You've Never Seen Before

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Trial lawyers are the second biggest donor to the Democrats' Political Action Committee, trailing only the union bosses of the IBEW.

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The "lawsuit industry" gives more money (roughly $127 million in 2008) to Congress than the every sector of the health care industry, combined.

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Medical malpractice costs continue to skyrocket to new historical highs, growing far faster than any other component of health insurance premiums.
Visit the site to see the rest. Basically, 75% of what we pay for medicine goes to the lawyers one way or the other. Tort reform would be a great way to knock this down to 15% or so (you do need some measure of malpractice insurance) and cut people's medical costs by well over half. Unfortunately, Tort Reform is a States Rights issue so although the lawyers are lobbying in Washington, they cannot be legislated against except at a state level. Texas did this with great success. Posted by DaveH at December 19, 2009 12:41 PM | TrackBack
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