Senator Gregg: CBO Confirms Medical Liability Reform Would Significantly Reduce Health Care Costs
Sunday, Oct 11,2009, 2:18:31 PM Click:
Senator Gregg: CBO Confirms Medical Liability Reform Would Significantly Reduce Health Care Costs
Liability Reform Must be Part of Comprehensive Health Reform Bill
Senator Judd Gregg, ranking member of the Senate Budget Committee and a senior member of the Health, Education, Labor and Pensions (HELP) Committee, today commented on a Congressional Budget Office (CBO) analysis of the budgetary impact of medical liability reform proposals.
"According to CBO, comprehensive medical liability reform would reduce national health care costs by 0.5% - which translates to $11 billion in 2009 - and reduce federal budget deficits by approximately $54 billion over the next 10 years. In addition, reform would reduce medical liability insurance premiums for doctors - often their biggest expense and the reason why some must limit or even shut their practice.
"The American Medical Association estimates that medical liability costs are passed along to patients in this country at a price tag as high as $151 billion each year. Unreasonable lawsuits and the absurdly high cost of malpractice insurance are driving up costs for patients and have forced doctors out of practice. Reducing access to health care for patients who need it most is simply wrong.
"Unfortunately, none of the health reform bills being promoted by the Democratic leadership even begin to address the need for comprehensive medical liability reform. We cannot begin to address the affordability of health care in this country unless we are willing to reduce the frivolous lawsuits that can cause doctors to charge higher fees, order unnecessary procedures out of fear of being sued, or go out of practice all together."
Senator Gregg is a long-time advocate for medical liability reform. He is an original cosponsor of the Medical Care Access Protection Act of 2009, which would provide comprehensive medical liability reform with nationwide standards of care and reasonable limits on pain, suffering and non-compensatory damages. Last Congress, Senator Gregg also authored legislation, the Healthy Mothers, Healthy Babies Access to Care Act, to provide similar relief to obstetricians who are particularly challenged by malpractice liability.
You may also be interested in:
Featured
AP Political NewsBrief at 4:01 pm EDT
Copyright: The Associated Press. All rights reserved. May This material may not
Allied World Reports Record Operating Results in Third
Allied World Assurance Company Holdings, Ltd (NYSE: AWH) today reported net
Troubled Insurance Industry is Making Changes to
Copyright 2009 GlobeNewswire, Inc.All Rights Reserved GlobeNewswire April 23,
Opinions Wanted on Unaudited Financials: Initiates
www.PinnacleDigest.com is a performance-driven online financial magazine and
U.S. action against Somali pirates May Increase the
The dramatic rescue of an American marine Somali pirates by the U.S. Navy this
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- Class-action Suit Filed Against Nationwide Insurance
- Fiesta Insurance Plans 18 New Stores after Sales Growth
- Hartford Lawsuit Accuses Arch of Poaching Employees, Business
- Couple Charged With $38 Million Workers' Compensation Insura
- Florida Regulators Cite Liberty National Life Insurance In B
- BestWeek: Combined Ratio for P/C Writers Tips 100 Mark in Fi
- Allstate Asks N.J. for 15.4% Average Auto Rate Increase
- ‘Cash for Clunkers’ Requires Year of Continuous Auto Insurance Coverage on Trade-In
- Towers Perrin, Watson Wyatt Merger Could Shake Up Employee Benefits Industry
- Judge Upholds $13.1 Million Verdict in Lincoln Annuity Patent Case
-
Obama: the wrath of AIG is not the administrative policy -
A.M. Best Presents at Casualty Actuarial Society's In Focus: The Underwriting Cycle Seminar -
Colony Buys FDIC Loans -
BestWeek: NAIC Prepares for Budget Shortfall -
P & C rates stabilize, but the risk is no shortage -
Obama usually Holbrooke served the board of AIG -
Hardest hit by the economy, Americans risk Knockout Without -
Interview: N.Y.'s Eric Dinallo Backs Liddy, Sees Success in


Discuss this news
Click Here to see all comments