Wednesday, July 26, 2017

Tort lawsuits down substantially in ten years

Piece in the Wall St Journal yesterday.  They show some graphs with the number of tort lawsuits down by nearly half.  This is good news.   The Journal says state laws have been tightened up, and caps on tort recovery, even $250,000 caps,  have discouraged contingency fee lawyers,  $250,000 isn't enough to pay court costs and leave enough money for the lawyers, and the plaintiff gets peanuts.    All this sounds good, and we need more of it.  Doctors still have to buy malpractice insurance for $100,000 a year to protect themselves from lawyers.  That $100,000 per doctor comes out of our medical bills and health insurance premiums.
   Interesting tort case discussed.  A little girl at a WMCA summer camp was badly injured when a storm blew a tree down on her tent.  Parents felt she should have been in a cabin.   Times change, when I went to summer camp all of us campers spent the whole summer sleeping in tents.  

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