Address the REAL cause of outrageous health care costs?

Published by admin on April 12, 2010

Bogus medical malpractice suits are the primary cause of the high cost of medicine. It takes the form of astronomical malpractice insurance premiums and massive legal staff required to defend and pre-empt these suits. Can anyone name a famous politician who has proposed solving this root cause of out of control medical costs?

This is not only not the primary cause of medical costs, it is not even a major cause. Bogus suits, as you say, are routinely dismissed before they cost much at all. Suits that result in actual payouts are suits with merit, resulting from doctors who did not do their duty properly. The increase in insurance premiums is also largely unrelated to payouts. It is much more driven by the performance of the securities in which the premiums are invested. To illustrate this, look at California. They instituted payout caps, but did not see the reduction in premiums the insurance companies predicted. Rather, rates went up again. If you want the problem solved, tell your elected officials to go after the insurance companies. This won’t happen, since insurance companies are huge campaign donors.