Medical Malpractice and Tort Reform
The U.S. tort system costs our economy billions of dollars each year. The growth of tort costs has exceeded the growth in GDP by two to three percentage points over the past 50 years. This is particularly important during an economic downturn when abusive litigation and attempts to regulate through litigation result in such high costs and liability that harms economic growth. The huge increase in medical malpractice insurance rates, for example, has contributed significantly to the problems in our healthcare system, making it difficult for doctors to provide care, encouraging the harmful practice of “defensive medicine,” and raising the costs of obtaining quality healthcare for everyone. Lawmakers must work, within Constitutional bounds, to achieve a legal system that is not unnecessarily punitive and is fair, predictable, and just to all parties.