Beyond Tort Reform: Developin Better Tools for Assessing Damages for Personar Injury
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Impact from Texas Tort Law on Damages Recovered
This paper looks at Texas tort law reform to make claims regarding the relationship between Texas tort reform and damages recovered. Starting with reform in 1977, Texas has passed 15 pieces of legislation that, in principle, restrict the damages plaintiffs recover. Most empirical analyses have focused primarily on analyzing behavior resulting from the tort reform. In other cases, research has l...
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Theory suggests that tort reform could have either of two impacts on accidents. First, reforms could increase accidents as tortfeasors internalize less of the costs of externalities, and thus, have less incentive to reduce the risk of accidents. Second, tort reforms could decrease accidents as lower expected liability costs result in lower prices, enabling consumers to buy more risk-reducing pr...
متن کاملMedical Malpractice Insurance and the Emperor’s Clothes
Tenured academics are not known for their firm grasp of reality. Medical malpractice policy seems to be an exception. In the thirty years that have passed since California adopted its paradigmatic malpractice reform legislation, the Medical Injury Compensation Reform Act of 1975 (MICRA),1 the health care system has changed dramatically. Annual spending on health care in the United States has ri...
متن کاملThe Effects of Tort Reform on Medical Malpractice Insurers’ Ultimate Losses
Whereas the literature evaluating the effect of tort reforms has focused on reported incurred losses, this paper examines the long run effects using a comprehensive sample by state of individual firms writing medical malpractice insurance from 1984-2003. The long run effects of reforms are greater than insurers’ expected effects, as five year developed losses and ten year developed losses are b...
متن کاملThe Impact of Tort Reform on Employer-Sponsored Health Insurance Premiums
We evaluate the effect of tort reform on employer-sponsored health insurance premiums by exploiting state-level variation in the timing of reforms. Using a dataset of healthplans representing over 10 million Americans annually between 1998 and 2006, we find that caps on non-economic damages, collateral source reform, and joint and several liability reform reduce premiums by 1 to 2 percent each....
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تاریخ انتشار 2016