Tort Reform in Personal Injury Lawsuits Will Help Fix Rising Premiums
UPDATE. Excessive Punative Damages against Toyota & Monsanto in separate jury awards were announced yesterday. While these two cases didn't originate as a result of Medical Malpractice, the families involved will have enormous medical bills for the rest of their lives.
While these juries did make the right decision, the monetary awards were excessive & will increase prices we all pay.
Open Enrollment Season is upon us. As a Life & Health Insurance Agent and as the Grandmother of a child who was almost killed by his doctors, I have an opinion on this.
Everything in me wants to sue the shit out of anyone involved in Solomon's birth.
Most accurately the #1 factor in driving up the cost of Healthcare & Health Insurance is Medical Malpractice Lawsuits.
Why is nobody pointing out this FACT???
Suing for Actual Damages & perhaps even additional for Pain & Suffering may all be legitimate, but it is the PREDATORY PERSONAL INJURY TRIAL LAWYERS that pile on additional PUNITIVE DAMAGES to “quote unquote Send Them a Message” that have CAUSED the collapse of our Medical System.
It has been this way forever & has less to do with Obamacare’s failure & everything to do with Tort Reform with Medical Malpractice lawsuits against doctors. Think of all the TV advertising done by law firms: you can’t turn the TV on without seeing several attorney ads.
Who do you think ultimately pays the price for these legal settlements??? We do.
With respect to the excessive awards in the Toyota & Monsanto cases, these multi-million dollar awards went to single families.
In my opinion, part of the proceeds of these excessive damage awards should go to some sort of public foundation in Health Care, in Medical Research , or something that benefits the general public.
