Oct 10 2009
I asked this question back in August, but it’s worth another try.
The CBO has reported that tort reform would reduce the federal deficit $54 billion over the next ten years. According to hotair,
But that’s not the end of the savings, either. A 0.5% reduction in health-care costs would mean $11 billion in savings per year overall, with roughly 40% of that benefiting the federal government in Medicare and other federal program costs. That amounts to a whopping $110 billion in cost savings over ten years to the entire medical industry, which would help keep premiums in check for consumers.
Why aren’t the Dems incorporating tort reform into their bill? Is it because they are rewarded nicely by lawyers and law firms?
Yup, you got! I just got done searching through that site as well. The biggest chunk from there is from the trial lawyers, too!
http://www.opensecrets.org/orgs/summary.php?id=D000000065
Don’t you just love how that works? ugh