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Originally Posted by PaulS
how many employees does your company employee?
Everything I read says that tort reform is a small % of insurance comp. expenses.
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The tort reform piece directly relates to malpractice insurance costs for medical providers. Malpractice insurance has gone through the roof and a lot of that is due to fraudulent lawsuits. Doctors, etc... have to raise their costs in order to make money to pay back huge student loans and to operate their business.
That being said, there still has to be better regulation of costs. A procedure that costs $500 for one patient should not cost $1,000 for another patient just because they have a better insurance plan. And prescription drugs are even worse.