It’s economics 101 people:
Basic economics teaches that imposing higher costs and burdensome regulations on businesses leads to fewer businesses and higher costs for consumers.The opposite is also true: Lower costs and fewer restrictions in a marketplace will lead to more market participants, greater supply, and lower prices for consumers. Texas’ medical malpractice insurance industry provides a clear example of this principle.
Related posts:
- Texas tort reform a "national success story"
- Texas tort reform
- Tort reform working in Texas
- How tort reform can stimulate the economy
- Tort reform in Texas: Working better than expected
- Doctors can’t wait to practice in Texas
- Mississippi: What happened after tort reform
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The Texas reforms are also notable for the endless deceit, misinformation, and hatred spewing forth from the trial lawyer industry. They are immune to facts or logic as they rant and rave over their diminished jackpot justice ill-gotten cash awards.
You can see the lawyer dishonesty on the original link comment section, or absolutely anytime the Texas reforms are discussed. Very entertaining, really.
Ed Sodaro MD
Read over the weekend that Texas also has the highest number of uninsured (over 40%, I think, was the figure given) of any state in the union. Wonder how those numbers figure into this…is it more difficult for people to obtain insurance for some reason? Are fewer people able to get health care in Texas?
This is an excerpt of a post I made at TortDeform.com:
“As it turns out the “flood of doctors” into the state hasn’t benefited everyone equally. According to “Baby, I lied” by Suzanne Batchelor, the “flood” of doctors has been into wealthy, populous counties in Texas. For example:
“Collin County, the Dallas suburb that is the wealthiest in Texas in terms of per capita income, gained the most obstetricians. Its 34 new ones increased its obstetrician ranks by an impressive 45 percent since Proposition 12 passed.”
Great! Proposition 12 accomplished the Herculean task of attracting doctors to the wealthiest county in a heavily-populated state! Perhaps with more reform measurers, we can figure out how to get real estate developers and restaurateurs to move there, too.”
So I suppose all the tort lawyers live in economically depressed rural Texas to be of service to the downtrodden? Medicaid reimbursements are low with or without tort reform. And there is nothing to make you feel of service akin to delivering a newly minted U.S. citizen at taxpayer expense from the womb of an illegal. Mute point.
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