There’s one change that will make the cost of EVERYTHING go down.
Tort reform, federal law, LOSER PAYS. Every business in the country (especially the medical industry) is choking on liability costs because of Death By A Thousand Cuts from all the ambulance-chasing attorneys.
Enact Loser Pays and 90% of all the nuisance lawsuits will dry up, and (maybe best of all) 90% of the ambulance-chasing personal injury commercials will disappear from TV and radio.
Medical tort reform alone would provide a substantial positive jolt to the economy
The first rule in medicine today is avoid a law suit
All action and activity stems from that premise
Liability insurance is a huge expense for physicians and a big driver in the cost of medical care. Tort reform could really bring down cost of health insurance.