Interesting counter to the insurance lobbys popular arguments. This new research is completely different, finding an increase in health care costs once a state passes tort restrictions. Specifically, they found that damage caps have no significant impact on Medicare Part A (hospital) spending, but lead to 4-5 percent higher Medicare Part B (physician) spending. The reasons may have to do with physicians practicing riskier medicine in cap states, such as performing costly high-risk services or procedures, which they avoid in states where the tort systems general deterrence function (noted above) works properly.
Posted on: Wed, 29 Oct 2014 17:41:52 +0000
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