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Hogwash. Big business and big government in business together. Benefits insurance companies, not doctors. Try explaining to that woman in Wisconsin who had a double mastectomy when the names were jumbled that you can put a dollar limit on that suffering for a lifetime.
Smarter legislation would target punitive damages and NOT restrict them, but rather restrict plaintiffs from recovering them (rather, send the punitive damages damages to legal aid). Smarter legislation would cap the amounts insurers can charge doctors. Smarter legislation would make plaintiffs and lawyers cough up money or do jail time (contempt of court) for bringing frivolous claims.
What you have done now is allow the medical profession to know the exact dollar amount it can use when accounting for human life. When Worker's Comp was passed, industry supported it because while it gave an absolute right to recovery to workers, it limited the amounts recoverable to their wages. Employers nationwide used it as an excuse to treat employees as guinea pigs, sending them off to all kinds of horrible fates. It in effect forced the government to create OSHA. Now doctors can do the same with patients.
Dr. 1: "What about that experimental surgery, it may work here."
Dr. 2: "Highly controversial, very risky. And, never been tried."
Dr. 1: "Great, I can smell the awards and grant money already. What do we care, it can't cost us more that $750K."
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