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by ceejayoz
3331 days ago
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https://prescriptions.blogs.nytimes.com/2009/08/31/would-tor... > Q. But critics of the current system say that 10 to 15 percent of medical costs are due to medical malpractice. > A. That’s wildly exaggerated. According to the actuarial consulting firm Towers Perrin, medical malpractice tort costs were $30.4 billion in 2007, the last year for which data are available. We have a more than a $2 trillion health care system. That puts litigation costs and malpractice insurance at 1 to 1.5 percent of total medical costs. That’s a rounding error. Liability isn’t even the tail on the cost dog. It’s the hair on the end of the tail. Even at the 10-15% number, that's meaning the vast majority of costs still come from elsewhere. |
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Not the cost of actual malpractice lawsuits