Word: torts
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...TORT REFORM Malpractice lawsuits amount to "less than 1% of the total cost of health care...
Kerry was answering a charge that he opposed tort reform and that "frivolous" lawsuits were costing the government $28 billion. Kerry's percentage figure was in the ballpark; health-care spending in 2002 was $1.6 trillion, and according to the Congressional Budget Office, malpractice costs were an estimated 1.5% of the total. Moreover, several studies have concluded that capping malpractice-lawsuit awards would have a negligible impact on health-care costs...
...secret weapon anymore, since she's about as visible as any First Lady could be. When she visits a small electrical-supply company run by a married couple in Albuquerque, N.M., she sells the Bush agenda for all the ways it helps women specifically. The President's push for tort reform? Good for businesses owned by women. The war on terrorism? It makes families safer. Medical-savings accounts? "Women can take these accounts with them if they start a new job or if they leave work to go home and raise a family," says the First Lady. "This is health...
...beating Big Tobacco, representing the whistle-blower Jeffrey Wigand, subject of the movie The Insider. Scruggs' tobacco suits netted his practice an estimated $1 billion, money that bought him toys, from a $100,000 Bentley to a Falcon jet--and turned him into the dart-board face of tort reform. At 58, he works out of a small firm in Oxford, Miss., with his son Zach and two other lawyers. Scruggs has given up the Bentley for a more modest BMW. "He got it out of his system," an associate says. And Scruggs insists that his latest crusade--against nonprofit...
GALLAGHER: If Bush wins and the Republicans do surprisingly well in the Senate and the Democrats feel they paid a price for their stand opposing tort reform, you could get some significant relief for companies with asbestos liabilities. Some, like maybe USG, if they go bankrupt, are $5 stocks, but if we get asbestos relief are $35 stocks...