Thursday, September 3, 2009

Tort Reform Unlikely to Cut Health Care Costs

http://www.bloomberg.com/apps/news?pid=20601103&sid=az9qxQZNmf0o
Annual jury awards and legal settlements involving doctors amounts to “a drop in the bucket” in a country that spends $2.3 trillion annually on health care, said Amitabh Chandra, a Harvard University economist. Chandra estimated the cost at $12 per person in the U.S., or about $3.6 billion, in a 2005 study. Insurer WellPoint Inc. said last month that liability wasn’t driving premiums.

I'll blog about this more later.

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