Selected research from leading health care experts whose findings have a direct bearing on public policies effecting medical progress. Research is chosen based on its quality and relevance by the Medical Progress Today editorial staff.

Selected Research

The Effects of Tort Reform on Medical Malpractice Insurers Ultimate Losses
W. Kip Viscusi, NBER, 3-1-06

Jim Copland, director of the Manhattan Institute's Center for Legal Policy, recommends this paper, from the National Bureau of Economic Research, to MPT readers. Copland believes that “this paper is significant in that it shows the actual benefits realized by traditional tort reforms—joint and several liability reform, noneconomic damage caps, and punitive damage reform—are even greater than insurers' initial loss estimates would predict. Given the uncertainty created by state regulatory climates and the tendency of 'creative' state supreme courts to find tort reforms unconstitutional, it is unsurprising that state tort reforms do not cause insurers to respond as aggressively initially. The key take-away is the significant benefit such reforms generate over time. The authors find that loss reductions are driven primarily through firms with the highest losses, which supports the notion that outlier verdicts are indeed the key driver of rising med-mal premiums.”

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