Sunday, August 25, 2013

Health Malpractice Courts Will Sharply Cut Costs



We have special courts for bankruptcies where judges handle creditor and debtor claims, tax liens, workers compensation, and so on.

One of the complications that requires change, and proves costly with health care, is malpractice cost. The problem is primarily due to the huge amounts of lawsuits against providers. And fraud that permeates the system.

The result: The high outlays due to defensive medicine and doctor malpractice insurance premiums.

ObamaCare does nothing to stop this menace.

The practical solution: Arbitration courts made up of judges, trained in science and medicine. That would eliminate awards because of “junk science.”

The courts could eliminate attorney’s cuts of the award proceeds and put a cap on outsize sums that ordinarily come from ignorant jurists. While seeing that patients are compensated for actual malpractice. The courts would be financed from doctor insurance premiums. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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