Quote:
Originally Posted by nvxplorer
Lawsuits account for less than 1% of total health care costs.
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Let's be fair - this is the amount that go to trial
There are far more lawsuits that get settled prior to trial
And those that do go to trial, if a judgment is given to the plaintiff, the compensatory damage awards are not the real problem - it tends to be the punitive damage awards - to "send a message"
As a result, many cases are appealed based on excessive punitive damages and more often than not - the damage award is reduced or almost eliminated - this adds a whole new set of costs with the case.
This is where the reforms will be taking place.