Who benefits from tort reform?
November 24, 2004 2:31 PM Subscribe
Caps on non-economic damages in medical malpractice suits have become very popular policy in America. Proponents of caps claim that huge settlements are to blame for skyrocketing med mal premiums, forcing doctors out of business. You may remember Bush's oft-mocked statement that "our OB-GYNs are unable to practice their love" because of these opportunistic suits brought by ambulance-chasing trial lawyers. After insurance companies poured millions into referenda across the nation to convince voters that a cap on damages would effectively lower med mal premiums and protect health care availability for the end user, now the second-largest med mal insurer in America, GE Medical Protective, is trying to convince the Texas Department of Insurance that they are unable to reduce their premiums because tort reform only saves them 3% of their total losses.
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