Saturday, April 10, 2004

Touting Tort Reform

Good article on why the President Bush's proposed tort reforms are important to Catholics and how it meets our desire to help those less needy.

The Bush plan to limit punitive damages and pain and suffering to $250,000 in medical malpractice cases would leave the actual damage amounts with no limit, restricting only the punitive and pain-and-suffering awards. Neither would it prevent access to the courts for those who really need it. The opponents of the Bush plan argue that the prime beneficiaries of the legislation would be insurance companies. To argue in this way, however, is to take an inadequate and narrow view of the complex interrelationships between humans and societal institutions. If costs to insurance companies are lowered, then the competition of the insurance market over time would tend to pass reduced costs on both to businesses and employees.


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