Forgot to complete the thought, gotta work sometimes.
I meant to continue
. . . seems the least efficent and least fair way to control doctors’ fees and insurance premiums.
;j
Do you have any evidence that what the AMA says is true?
Do you have any evidence that what the insurance lobby says is true?
These groups have agendas too.
Here is a great example of a frivolous lawsuit, by the way:
It is a great example because the trial judge found it to be, “wholly without merit, both factually and legally.” And that is the sine qua non of a frivolous lawsuit. What should be done to the plaintiff and the plaintiff’s attorneys in this case? I bet the lawyers got a hefty fee for bringing it.
For an example of an outrageous jury award, take a look at Hustler Magazine v. Falwell. In that case, the plaintiff got $150,000, all in non-economic and punitive damages. To top it off, the Supreme Court ultimately threw out the verdict. What if the defendant had not had the funds to take the case through two appeals?
I’m sorry, I misread the SCOTUS opinion, the outrageous damage award was $100,000 plus $50,000 each (there were two defendants found liable), so the total award was $200,000.
And here is a link to the transcript where the judge found the Fox lawsuit to be without merit. I’m sure ralph124c will note that the transcript is from Al Franken’s site. Neither Fox’s nor O’Reilly’s site has the transcript. Therefore, I encourage readers to entertain the possibility that Franken made it up.
Here is a link to an anti-tort reform page with plenty of resources.
And here is a link to an article indicating that AIG, a huge insurance company that offers medical malpractice coverage, reported a miniscule 2.51 Billion dollars in net income for the third quarter of 2004, which was up from the same period in 2003. Man these crazy jury awards are killing them.
http://www.forbes.com/businesswire/feeds/businesswire/2004/10/21/businesswire20041021005305r1.html
Here is a good site on the stock market performance and financial status of the insurance industry.
http://www.snl.com/insurance/vitals/default.asp
Overall trend: returns are on the rise, profits up.
Bumping this once.