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Published byAllyson Tate Modified over 9 years ago
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TORTS & PUBLIC POLICY WHAT NEEDS TO BE CHANGED?
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DOES THE SYSTEM NEED AN OVERHAUL? NO, IT DOES NOT: Fairly compensates injured victims Allocates benefits to victims & costs to wrongdoers Deters unreasonable conduct Protects individuals from exploitation by large companies Unreasonable settlements Court/lawyer is too expensive Takes too long in civil court Cases often go against common sense YES, IT DOES: SO, WHICH IS IT?
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Arbitration/mediation before going to court Statute of limitations – how long do you have to file a claim? Process reform: TYPES OF TORT REFORM
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Wish to put a limit on non- economic & punitive damages ($$ amount for punitive damages can often exceed payment for injuries) Damages: TYPES OF TORT REFORM
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TORT STATS On average, only 5% of civil suits are torts Plaintiffs win ½ of the time The average settlement is under $30,000 93% of torts are settled before they even go to court
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Protecting the patients or saddling the doctors with unnecessary problems? MEDICAL MALPRACTICE
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SAFETY: HOW MUCH ARE WE WILLING TO PAY? A safer world is a more expensive world Catch 22: Companies must pay more for safer products. They may sometimes cut corners to save money. This opens them up to expensive lawsuits involving defective products.
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