Also, I could be wrong, but I think I've read that malpractice costs represent a fraction of the health care costs. So even if tort reform, in all its glory, would be passed to appease conservatives, it would do very little in driving down skyrocketing health care costs.
Yeah. It's like when people bring up earmarks in the context of the federal budget. Maybe the system is flawed, but even if we reduced it to zero we've still barely made a dent in the overall problem.
What I've read from sources I generally trust:
1) The costs of malpractice settlements, awards, and defense costs are kind of detached from the costs of malpractice
insurance. That has to do with the insurers acting as pseudo-banks and raising rates when their investments do badly.
2) A small percentage of doctors are responsible for a majority of malpractice suits. Only a small fraction of cases of malpractice result in lawsuits, and only a small fraction of doctors who commit malpractice are disciplined (a significantly lower rate than lawyers, for example). The studies about preventable deaths from bad practices in hospitals always seem to turn up terrifyingly high numbers.
3) There are a bunch of frivolous lawsuits, but a lot are filed for the purposes of getting information. Hospitals often won't provide records of what happened unless they're forced to by the discovery process.
4) European countries generally have a lot lower malpractice rates, but that's largely because A) they've got big bureaucracies to regulate this stuff rather than leaving it to the courts, and B) if you get injured in a botched surgery, various welfare programs pick up the tab anyway.
This is one of those cases where I'm open to the idea that the current system is flawed and could be improved, but the people who are making the most noise about reform are mostly talking out of their rear.
Dumb observation but I notice that starting in 1981, every recession since then has taken longer and longer before complete unemployment recovery. There was barely a recovery period between the end of the 2001 recession and the start of the 2007, according to that chart.
More specifically, it's taken longer for the jobs to recover.
We've already got GDP and productivity growth, but jobs are still falling. Jobless recoveries happened during the last two recessions, while beforehand jobs basically moved along with overall growth. I don't think they've figured out what changed 20ish years ago to make it that way.