25%20October%20356%20Medical%20Malpractice

25%20October%20356%20Medical%20Malpractice - The Politics...

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1 The Politics of Tort Reform: Medical Malpractice What’s really going on? http://www.juryverdictresearch.com/ http://www.juryverdictresearch.com/Report_Samples/report_samples.html http://orthopedics.about.com/cs/patelladisorders/a/chondromalacia.htm http://www.juryverdictresearch.com/Report_Samples/PI_VF_Sample/pi_vf _sample.html Using jury verdicts to estimate the “value” or “worth” of life or injuries
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2 So, the value of a life depends on how much your income is, your sex, and your occupation. But maybe the value of “lost experiences” depends on how much you’re willing to pay to avoid “risks” The military uses a more complicated method that varies over the lifetime of the survivors Example from Vidmar Pre-trial Settlement Offers Plaintiff: $ 750,000 Defendant: $ 250,000 Jury Award: $ 900,000 Medical -- $ 200,000 Disability -- $ 250,000 Disfigurement -- $ 250,000 Post-Trial Deal: $ 875,000 Annuity -- $ 500,000 ($5,600/mth/lifetime = $4 million) Remainder -- $ 375,000 Lien: $ 28,000 Expert fees: $ 22,000 Attorney fees: $ 281,000 Plaintiff: $ 43,437
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3 Malpractice insurance rates have increased
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This note was uploaded on 04/27/2008 for the course POLS 356 taught by Professor Flemming during the Spring '08 term at Texas A&M.

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25%20October%20356%20Medical%20Malpractice - The Politics...

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