DEBUNKING THE MYTH OF THE SO-CALLED "LAWSUIT CRISIS"

[Chuck]

In the current issue of the Washington Monthly, Stephanie Mencimer blows the lid off of the insurance industry’s quest for ‘tort reform,’ and how the media played along. Her piece, “False Alarm: How the media helps the insurance industry and the GOP promote the myth of America’s ‘lawsuit crisis’” (10/2004 issue) presents a ****ing critique of an insurance industry willing to stretch, bend and ignore the truth in their efforts to limit the access of American families to the courts. It offers an equally critical account of a mass media that has helped in this effort by being too accepting of industry’s anti-consumer propaganda, too lazy or unwilling to report the facts, and too reticent to correct its reporting errors.



With the anti-trial lawyer rhetoric on the campaign trail reaching a fever pitch, Mencimer’s article is required reading for anyone seeking to rebut the lies that are being told about trial lawyers, so-called ‘frivolous lawsuits,’ and the fictitious notion of a ‘lawsuit crisis’ in this country.



The article can be found at the following Web link:



http://www.washingtonmonthly.com/features/2004/0410.mencimer.html

[mark]

.............if that's true, why are the doctors paying the huge premiums??

Are the doctors THAT stupid??.........or are the insurance companies in bed together to keep the rates driven up high??

Sounds fishy to me.............see ya Mark

[Chuck]

Why do you pay such high car insurance premiums?

If you call around for car insurance or even home insurance. The cost difference between companies is only pennies.

Yes there are more accidents and yes there are more house fires than before. But when this is done by percentile the numbers are down.

Percentile is the number of accidents and fires based on the population at the time. By percentile these figure are about the same across time. By Population.

But if number of Insured is high and the premium for coverage is high, or kept high, profits are high.


Take this for example:

The average cost or number for a Virus scanner is $39. 2 corporation really control that figure. Norton and McAfee. Now not getting into crunching number of 39 x 25 million a piece we will get into a scenario,

What would happen if all viruses stopped or slowed dramatically but the law required you have a virus scanner if you own a computer. The Virus Scanner companies would make a bigger profit while doing less work and hiring less people.

So if you take away the malpractice suits or a bulk of them my question is do you increase profits? Do you decrease Malpractice? Or do you sign a license for Dr.'s how are borderline to not have to work to do their best?

Yes these insurance companies sleep together. (In some degree) There goal is like that of the "Seat Belt Law" it is profit motivated.

The Seat Belt law is another topic. How to Tax people to budget a City or a State and call it a fine.

[kybikertrash]

My business liability insurance has gone from $1900.00 two years ago to $2800.00 this year. I pay it, not because I'm stupid, but because I have to have it and there is nothing I can do to change that. The insurance companies have got us right where they want us.