This blog is the second installment in the “Industry Lies” series intended to dispel the myths of tort law.
It’s common knowledge that one of the biggest concerns for every American (except the ultra-wealthy) is the rising cost of health care. Unfortunately, the fact that health care costs are rising is not a lie. The price tag on medical care goes up each year and is one of the biggest problems our country faces. There is also a common assumption among the public that medical malpractice lawsuits are to blame for these rising costs.
This assumption, however, just does not hold up to scrutiny.
Lobbyists working on behalf of the insurance industry promote the idea of unwieldy malpractice lawsuits while trying to push legislation that would limit a person’s ability to pursue legal action. Even though there is no evidence to support this, the American public has been fooled into supporting legislation that is not in the best interest of the general public.
So what’s the truth about medical malpractice lawsuits?
Medical malpractice lawsuits have nothing to do with the rising costs of health care. In fact, the Congressional Budget Office reported that, out of overall health care spending in the U.S., medical malpractice lawsuits only accounted for two percent of spending. Certain politicians and insurance providers want you to believe that U.S. health care spending on these so-called “frivolous” lawsuits are solely to blame. Yet, the Government Accountability Office discovered that malpractice lawsuits have not had any significant effect on the public’s access to health care whatsoever.
The numbers just don’t add up.
The American Medical Association listed an increase of 40 percent in the number of practicing physicians in the U.S. since 1990, yet the population has only increased by 18 percent. There has also been a major boost in the number of OB/GYNs, neurosurgeons and physicians over the same time period.
The truth is, most physicians are more than competent in their ability to provide you and your family with the best care possible. But there are isolated cases where doctors act negligently, causing death or severe injury.When that happens, the physician needs to be held accountable for his or her actions.
Insurance companies continue to make massive profits each year, yet they are relentless in their attempt to minimize your right to seek compensation from a physician or medical facility should you be one of the small minority who suffer harm during medical treatment. We say don’t buy into the myths. It’s the people who deserve to be protected, not the insurance companies.
Baron and Budd has been working to protect people from the negligent practices of corporations for over 35 years. The law firm takes pride in helping people understand the truth about so-called “frivolous” lawsuits and tort reform. For more information on Baron and Budd, visit here.