Word: caps
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...Republican plan, sponsored by Bill Frist, Democrat John Breaux and Independent Jim Jeffords (and backed by the White House) sets up an extensive appeals process to weed out frivolous lawsuits. It also limits suits to the federal system and puts a $500,000 cap on damages. Republicans argue the Democrats? bill would leave health plans open to catastrophic legal costs and raise the price of insurance premiums, forcing employers to drop coverage. In the end, the White House argues, the unlimited-damages approach could leave millions of Americans without insurance. (Democrats contend their plan would cost just 37 cents...
...critical to the Republican version to cap federal court damages at $500,000? And why does the GOP version keep suits out of state courts...
Without a cap on non-economic damages we?d be creating an economic windfall for trial lawyers, who keep 40 percent of awards for themselves. It should come as no surprise that the nation?s trial lawyers are pushing for the Kennedy-Edwards bill regardless of its impact on the cost of health care for working families. We also prefer to keep those cases in federal court, where they are currently heard, as opposed to subjecting plans to 50 widely varying interpretations of law that would further drive up costs to Americans...
...TIME.com: The Frist bill would allow patients to sue their health plans for as much as $500,000 in cases where necessary medical treatment was withheld. That is much less than the Kennedy-McCain cap ($5 million). How important are those numbers...
...Will the damages cap ultimately fall closer to the $500,000 mark or the $5 million mark...