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Comments on: Give People What They Want https://whynow.dumka.us/2009/06/20/give-people-what-they-want/ On-line Opinion Magazine...OK, it's a blog Mon, 22 Jun 2009 17:15:34 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2009/06/20/give-people-what-they-want/comment-page-1/#comment-46353 Mon, 22 Jun 2009 17:15:34 +0000 http://whynow.dumka.us/?p=9708#comment-46353 In reply to Badtux.

We had the tort reform scam before the Florida legislature, and it was shown that the numbers that the industry was using reflected all legal costs, including the retainers for lawyers and “experts”, not just payouts.

If the Florida medical establishment would dump about a dozen doctors most of the medical litigation in the state would disappear. It is a tiny percentage of bad doctors that are generating most of the court cases. I think that a half dozen malpractice cases should be sufficient to take someone’s license. Given the way that hospitals and doctors reflexively cover up evidence of errors and incompetence, the cases that make it court are, almost always, really obvious screw-ups.

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By: Badtux https://whynow.dumka.us/2009/06/20/give-people-what-they-want/comment-page-1/#comment-46352 Mon, 22 Jun 2009 15:53:52 +0000 http://whynow.dumka.us/?p=9708#comment-46352 If you’re correct that the $2.3B payout number includes their litigation costs too, then their profit is obscene. They are making over 50% profit! Of course after they pay their CEO’s handsomely and probably have gold-gilted HQ buildings their “on paper” profit is lower, but …

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By: Bryan https://whynow.dumka.us/2009/06/20/give-people-what-they-want/comment-page-1/#comment-46323 Sun, 21 Jun 2009 20:50:30 +0000 http://whynow.dumka.us/?p=9708#comment-46323 The malpractice insurance companies include all of their retainer costs when calculating the payout, not just attorney costs related to actual cases, and they generally refuse to settle in cases where the fault is obvious. They use stall tactics to wear people down.

They still make a profit, and still pay their executives obscene salaries. The doctors should be policing their own ranks, and calling for regulation on the insurance companies, not siding with the people who are screwing them and attacking patients.

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By: Badtux https://whynow.dumka.us/2009/06/20/give-people-what-they-want/comment-page-1/#comment-46317 Sun, 21 Jun 2009 16:20:20 +0000 http://whynow.dumka.us/?p=9708#comment-46317 Total health care spending in 2008 was approximately $2.3 *TRILLION* dollars. Of that, $6.7 billion went to medical malpractice insurance. Of that, $2.8 billion went as payouts for malpractice claims.

In short, even if tort reform reduced malpractice insurance costs to ZERO (which can’t happen), it would reduce health care costs by less than 0.3%. You could probably get bigger savings by switching to cheaper stethoscopes or something else trivial like that. The “medicine is expensive because of lawsuits” argument is Massive Fail. The math just don’t support it.

But wait, I forgot the US national slogan: “Math is hard!” We have become the nation of Teen Talk Barbie. Pathetic.

– Badtux the Numbers Penguin
.-= ´s last blog ..Saturday Musical Social Commentary =-.

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