Healthcare costs

[RICHARD]

As for tort reform and the lawsuits as the basis for driving up health care costs, that is one side of a story that the insurance companies want the public to believe. Med mal cases are the hardest to prevail upon and the most expensive to litigate.

Now, one C/A lawsuit for millions of dollar against a med manufacturer isn't why the rates go up for insurance?

What about the payouts against companies like Merck, Pzifer or J&J?

A MM case on it own, filed and litigated, even if the doc is cleared, raises his MP insurance.

Take the lawsuits that name a doctor, the med maufacturer, hospital or clinic..Now you have three entities answering to one lawsuit because the atty's. talk up the 'being wronged' angle to the people bringing the suit and go for the biggest and best payout.

The you have the 'out of court' settlement when it's deemed that throwing money at the plaintiffs is the cheapest way to go?

IT still costs money and the insurance companies have it right, Tort reform and award caps should be put into place for Dr.s, med manufacturers and implant makers.

[blue]

I saw an add tonight for 5 class action lawsuits against 5 different drugs.

Most of the big pharma break throughs used to come out of the USA. Lawsuits and regulations have curtailed the big break throughs greatly.

To the example of Canada, Canada tells the USA Pharma companies what they will pay per pill, if the drug companies wont sell for a lower price then they are allready selling the pills for, the Canadian Gov will break the pattent and produce the drugs in Canada with Canadian Companies and the US company is out all the money they spent in research in developement. Cheaper pills in Canada, but the US companies need to recur their costs for R&D and seak a profit for their shareholders so higher costs here in the USA.

[RICHARD]

I saw an add tonight for 5 class action lawsuits against 5 different drugs.

I would love to see the results of those trials!