To counteract these problems we required that cases be heard in the county where the alleged injury occurred, and we changed the law so that defendants could only be forced to pay a full judgment if their fault exceeded 50%. We put a $350,000 cap on noneconomic damages and created rules to prevent baseless cases from getting off of the ground.
Tort reform works. Missouri's medical malpractice claims are now at a 30-year low. Average payouts are about $50,000 below the 2005 average. Malpractice insurers are also turning a profit for the fifth year in a row—allowing other insurers to compete for business in Missouri.
Wednesday, September 23, 2009
Former Gov. Blunt praises tort reform in Missouri
In an op-ed in the Wall Street Journal, former Missouri Gov. Matt Blunt praised the tort reform measures that took effect while he was in office:
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3 comments:
Isn't this just regulation of the free market by the government? I'm unsure how tort reform can be seen as a consistent conservative position.
If tort reform has lowered malpractice costs then why hasn't the cost of medical care declined as well?
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
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