NC's solution to everything. Kill the lawyers.
Outside of personal injury, I have great respect for lawyers.
You know that.
Even with personal injury, I just believe we should give plaintiffs a reasonable option to attain larger settlements more quickly via a no-fault format as they do in Europe. Given that option, if plaintiffs still choose the standard contingency-fee approach, they should have that right. But that approach obviously exposes them to all the disadvantages of a system in which:
Verdicts are inconsistently wrought.
Plaintiff disability does not ensure compensation.
Less than 47% of award money gets to the plaintiff.
More than 53% of award money goes to the legal team and expenses
I'm not going to repeat myself as I have over the years by linking studies
Because such insistence in the face of perfuse antithetical evidence flatly stretches credulity.
We all share concern that our healthcare runs over twice the per capita cost of Sweden's
However, the cost of healthcare tort (lawsuits) per capita in the US is 600-fold greater than Sweden
Again, US legal costs are 600-fold those of Sweden!!
A reasonable person would identify that as a problem.
So when folks blithely discount the importance of lawsuit impact on the cost of US healthcare, they either do so from a standpoint of ignorance or less well intentioned motives. It's either one, or the other.
The US Tort system the most expensive in the world
$865 billion per year
$9,827 per family of four.
It is also the most expensive Medical-legal system in the world
Average award per claim:
Sweden ~ $10K
Britain ~ 100K
U.S. ~ $ 1 Million
US citizens are 6X more likely to sue.
Overall per capita US costs are:
60-fold greater than Britain
600-fold greater than Sweden
This post was edited on 11/13 at 9:40 pm