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"Jim Cate" wrote
The FACTS are that judgments of this kind, and the defensive measures resulting from the threat of them, are a major drag on our economy for both small and large business, and in particular, a major reason our medical costs are the highest in the world. The end result of lawsuits like this is a continued tax on all of us due to the added costs to business. Where they relate to medical issues, they are a major factor in the continued rise in the costs of health care and medical insurance, to levels beyond those that many people can afford. In other words, Jeff, because of tort recoveries such as that one (ignoring who was at fault, and what both parties SHOULD have done) punitive tort recoveries are a major reason that millions of American citizens can't get or can't afford meaningful health care. It's also a major factor in the precarious status of Medicare, lack of care for the indigent, etc., Additionally, related costs to businesses add to unemployment and underemployment in many sectors of our economy. Jim's right, just as boats like the Mac26XM raise insurance for the rest of us real sailors. it ain't fair! SV |
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