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Re: The Health Care Reform Address Thread
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Originally Posted by JoeRedskin
Cash out comes from paying judgments and settlements. Not just punitive damages. Judgments & settlements are also made up of compensatory awards. Reducing compensatory damage awards also requires reducing medical costs (i.e. the cost for Doctor B to fix what Doctor A did wrong). So, I don't think it is as clear cut as you paint it. Capping punitive damages seems to be one (possibly small) aspect, but it does not appear to be a cure all for the high cost of malpractice insurance.
Bring on the MICC
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You're right, the compensatory component isn't likely to be reduced. But capping the punitive would make a dent large enough to move the meter on the federal deficit.
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