Why Damages Caps Won’t Fix Malpractice Laws: Peter Orszag

By Peter Orszag | February 25, 2014

  • February 25, 2014 at 2:03 pm
    Dave says:
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    Decent idea, but bad judges, bad juries and ambulance chasers will prevent such a solution from being effective. Let me start with silicone breast implants. Science has since proven that even defective breast implants do not cause greater incidents of reported maladies than what occurs naturally. That did not prevent dozens of companies from going bankrupt or the insurance industry from paying billions of dollars in undeserved claims. And now silicone breast implants are legal again and the ambulance chasers have moved on to greener pastures with additional billions stuffed into their pockets.

    Item 2, birth defects. Again, unfortunately no matter what a doctor does a certain percentage of infants will be born with birth defects. John Edwards a master of talking women out of their panties while still married to his dying wife was also a master at convincing juries that “somebody had to pay” for the poor deformed baby and ignorant and pliable jurors agreed making Edwards filthy rich and his clients recipients of claim paymemts they mostly did not deserve.

  • February 25, 2014 at 3:04 pm
    Libby says:
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    Funny, Dave. You have a problem with John Edwards becoming filthy rich by allegedly fleecing insurance carriers of claim payments, but you have no problem with Wall Street fleecing the American public out of their life savings by crashing the economy? One is supposedly immoral according to you, but the other is just the American way?



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