“The Employment Policy Foundation?s (EPF) analysis of data comparing states with and without limitations on damage awards in malpractice cases found that capped damage awards could save $54.8 billion to $97.5 billion annually — 7.2 percent to 12.7 percent of the $764.8 billion spent on hospital and physician services each year. … In 2001, the gap between premiums collected and underwriting losses amounted to $4,033 per physician, assuming that all 744,000 full-time physicians in the U.S. were covered. … Plaintiffs eventually receive only 38 percent of the total dollars that flow through the malpractice litigation system.” (“Medical Malpractice Litigation Raises Health Care Cost, Reduces Access and Lowers Quality of Care”, EPF Issue Backgrounder, Jun. 19 (PDF); news release, Jun. 13).
Employment Policy Foundation finds med-mal system lacking
“The Employment Policy Foundation?s (EPF) analysis of data comparing states with and without limitations on damage awards in malpractice cases found that capped damage awards could save $54.8 billion to $97.5 billion annually — 7.2 percent to 12.7 percent of the $764.8 billion spent on hospital and physician services each year. … In 2001, the […]
Comments are closed.