Ad Hoc Commentary – Obamacare without liability reform
Since Obama didn’t provide a Syrian distraction, Obamacare is the whipping boy. Obamacare dreams of a world without medical wants. However, without liability reform, it will be a dream that the average man will pay dearly for. The doctors will continue working defensively 24×7 constantly fearing litigation. Only the lawyers should be laughing all the way to the banks.
About a year ago, CNN ran a story that suggests why Obamacare will not reduce overall costs:
“…In a 2009 speech to Congress, Obama stated that he “talked to enough doctors to know that defensive medicine may be contributing to unnecessary costs.” With the cost of health care continuing to rise, it’s a shame his Affordable Care Act doesn’t include a provision addressing this…”
Most doctors will say liability reform is necessary to bring medical costs down; while most lawyers beg-to-differ for obvious reasons. Liability (tort) reform mean less money for lawyers in the long run. You don’t need to be a genius to correctly guess that the doctor prefers a no-fault system (a system similar to automobile insurance today); while the lawyers prefer a malpractice system:
“Is ‘No-Fault’ the Cure for the Medical Liability Crisis?
Response 1 by David E. Seubert, MD, JD;
Response 2 by Laurie T. Cohen, JD, and Jason M. LaFlam, JD”
What about the decision makers? Just follow the money:
“…According to OpenSecrets.org, since 1990, the American Association for Justice, previously known as the Association of Trial Lawyers of America, has given 92% of its $36.8 million in contributions to Democrats. The association is also a large contributor to President Barack Obama’s re-election campaign…”
We probably will never know if Republicans are defunding Obamacare because they want genuine reforms? Or simply because they feel unloved since 92% of the contributions went to Democrats.
Good luck in the markets.