Comments on: Torts roundup https://www.overlawyered.com/2013/07/torts-roundup-9/ Chronicling the high cost of our legal system Wed, 03 Jul 2013 12:46:54 +0000 hourly 1 By: Hugo S. Cunningham https://www.overlawyered.com/2013/07/torts-roundup-9/comment-page-1/#comment-223057 Wed, 03 Jul 2013 12:46:54 +0000 http://overlawyered.com/?p=39258#comment-223057 >?“U.S. Legal System Ranked as Most Costly” [Shannon Green, Corp Counsel
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>>The NERA study compared liability costs as a percentage of a country’s gross domestic product. The 13 countries included in the study have similar levels of regulation and legal protection, leading analysts to conclude that higher costs could be attributed to more frequent and/or costly claims.
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I have been receptive to many tort-reform arguments. Nevertheless, a major difference between the US and European economies in this study is the US lack of universal health insurance. Americans facing ruinous medical costs have grown accustomed to using the tort system as a (capricious and wasteful) substitute for health insurance. Obama’s proposal has various defects, notably a lack of ability or incentive for consumers to demand lower costs, but the Republicans have offered nothing in its place.

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