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re: YouTube series focuses on the Louisiana trial lawyer scam
Posted on 6/26/20 at 9:29 am to The Johnny Lawrence
Posted on 6/26/20 at 9:29 am to The Johnny Lawrence
I think the biggest thing the public doesn't realize is just how much the doctors are tied in and how lucrative personal injury work is for them. And we aren't just talking about chiropractors and pain management docs. Neurosurgeons and Orthopedic Surgeons are VERY much tied in as well because those are the guys/girls who recommend/perform the neck/back surgeries. The biggest incentive for them (aside from a steady patient referral base) is that PI work is the only means in which they can theoretically get paid the full value of their charges (because of the collateral source rule). Medicaid, Medicare, private health insurance all pay contracted rates to the docs. That is, even though the doctor may bill $1,000 for the service, the insurers are only going to pay their far lower contracted rate and the doc can't recover the difference. But, as you noted, in a PI case (assuming insurance hasn't already paid the bill) the plaintiff can recover the full $1,000 which technically he would owe to the doctor. The plaintiff's attorney negotiates with the doctor for a lower payoff amount (ex. 50% to 66% of the $1,000) but in many cases what the doctor gets paid is still more than what he would have gotten paid by insurance for a similar service. And some doctors won't negotiate their fees. They want the whole charge. Which means they are getting paid $1,000 for a service they would never recover $1,000 for through insurance. It creates an even greater incentive for the doctor to run up the bills.
I have good friends who are Neurosurgeons and Orthopedic surgeons who flat out will not do an IME for me in a case I'm defending because they don't want to get cross-ways with the plaintiff's bar. Understandably so. Because that is a big client base for them.
Now, that said, defense attorneys also have to acknowledge that in one BIG respect full blown tort reform is bad for them as well. Fewer lawsuits = fewer lawsuits to DEFEND
I have good friends who are Neurosurgeons and Orthopedic surgeons who flat out will not do an IME for me in a case I'm defending because they don't want to get cross-ways with the plaintiff's bar. Understandably so. Because that is a big client base for them.
Now, that said, defense attorneys also have to acknowledge that in one BIG respect full blown tort reform is bad for them as well. Fewer lawsuits = fewer lawsuits to DEFEND
Posted on 6/26/20 at 9:57 am to boosiebadazz
(no message)
This post was edited on 2/15/21 at 11:15 am
Posted on 6/26/20 at 10:11 am to Broyota2
quote:
Single handedly fricked LAs auto insurance rates. We have the 2nd highest rates in the country and they continue to climb 50% faster than the national average.
But doing something different might not guarantee lower rates!
Posted on 6/26/20 at 10:19 am to SlowFlowPro
Sorry if I'm changing the subject, but I'm curious.
What is the Attorneys take on a settlement? Is is a straight percentage, or is it a percentage plus fees and expenses?
What is the Attorneys take on a settlement? Is is a straight percentage, or is it a percentage plus fees and expenses?
Posted on 6/26/20 at 10:23 am to ExtraGravy
You don't want bills or legislation to lower rates. You want COMPETITION to lower rates. Two years of data may still not be enough to convince some insurers to wade into this swamp. That's why you don't want to put it in the legislation.
Posted on 6/26/20 at 10:26 am to boosiebadazz
quote:These have no purpose.
Then let’s allow for punitives in Louisiana in all cases as a host of other states do.
Posted on 6/26/20 at 10:27 am to Kjun Tiger
quote:
What is the Attorneys take on a settlement?
I've heard 30% if they settle, 40% if they go to court.
Posted on 6/26/20 at 10:34 am to Trout Bandit
33-40% depending on if it's presuit or in litigation.
Take your settlement figure, pay the attorney his 40%, then pay the attorney back his costs like filing fees and deposition costs, then pay the doctor their fees (to the extent they aren't negotiated down or paid by heath insurance), take home the rest.
Attorney takes their percentage off the big number, then pays costs, then gives the plaintiff the money.
Take your settlement figure, pay the attorney his 40%, then pay the attorney back his costs like filing fees and deposition costs, then pay the doctor their fees (to the extent they aren't negotiated down or paid by heath insurance), take home the rest.
Attorney takes their percentage off the big number, then pays costs, then gives the plaintiff the money.
Posted on 6/26/20 at 10:39 am to ExtraGravy
quote:Meh, most of the new stuff is generally a good idea anyway.
I would like to know more about that. I saw yesterday that some legislator had a proposed bill that basically said "if in 2 years, insurance rates are not 15% lower than they are today, everything in this bill will expire."
That seemed like a good idea. If your argument is that this will lower rates, then keep it if it lowers them. And if it didn't work, then it should go away.
Posted on 6/26/20 at 10:47 am to Alt26
quote:
Now, that said, defense attorneys also have to acknowledge that in one BIG respect full blown tort reform is bad for them as well. Fewer lawsuits = fewer lawsuits to DEFEND
Acknowledged. I think most defense attorneys know what is good for the goose is good for the gander. I think the defense attorneys are pulling for changes that lower recovery but don't change the number of suits filed or work required to close files. i.e. Collateral source. In theory, lower jury threshold could increase what the defense lawyer makes off the file because it will be around longer and you have to prepare a jury trial more than a bench trial for a variety of reasons.
Posted on 6/26/20 at 10:59 am to The Johnny Lawrence
(no message)
This post was edited on 2/15/21 at 11:15 am
Posted on 6/26/20 at 11:00 am to boosiebadazz
quote:
Why is that?
It’s obvious that our elected officials respond to special interests and not the folks.
Look at insurance rates. Look at our nursing home rules. Look at ITEP (we are way ho cavalier here). And look at the film industry debacle.
Posted on 6/26/20 at 11:08 am to ExtraGravy
The increased litigation costs could be offset by the lower amounts that juries would give to plaintiffs compared to the plaintiff friendly judges.
I never said this was simple or easy. Some changes would inevitably lead to increased costs in other spots, but lower overall costs. Some could actually increase overall costs by accident. The problem is that this isn't exact science.
I never said this was simple or easy. Some changes would inevitably lead to increased costs in other spots, but lower overall costs. Some could actually increase overall costs by accident. The problem is that this isn't exact science.
Posted on 6/26/20 at 11:21 am to The Johnny Lawrence
quote:
Because the plaintiff almost always wins.
Exactly ...
Posted on 6/26/20 at 11:57 am to The Johnny Lawrence
quote:
Paying for a jet ski, I may have an issue with, but I think those are rare, to the extent they exist.
Purchase of a new truck is sort of the standard when a deckhand becomes plaintiff if more than soft tissue.
Also, a lot more psych treatment being sought for depression.
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