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The biggest myth about Tort Reform is that it somehow brings down healthcare costs. What they don't tell you is that the States that HAVE tort reform in place ALL have higher healthcare costs than EVERY State that doesn't. What they also don't tell you is that the money that insurance companies save by not having to pay for the life-altering injuries incompetent doctors cause, they don't pass on to their customers. It goes right into their pockets. And the saddest thing of all? There is Congressional, on-the-record TESTIMONY, that has been released to the media and is available to ANYONE who cares to see it, by insurance company executives, saying UNDER OATH that tort reform will do NOTHING to bring down healthcare costs.
Let me give you an example of how this little scheme works using a hypothetical business. I run a business that manufactures widgets. It costs me $100 to make the widget (considering materials, labor costs, shipping, taxes, and everything else a business has to spend money on--in this case, let's assume that my insurance costs are figured into that $100), so at the end of the day, for me to put one widget on a store shelf, I have to pay out $100. OK, now I SELL the widgets for $200. That means every time I sell a widget, I make $100 of profit. Now, along comes nice Mr. Republican, who gives me tort reform and lowers and my liability for defective products that injure my customers. Now that I have tort reform, my cost to manufacture a widget goes down from $100 to $50. Now, here's the part where Republicans declare that they have just brought the price of widgets down, nod smugly, and wander off to listen to right-wing radio, but stick around for the denoument. See, now that my manufacturing costs have been cut in half, you'd probably assume that I would drop the price of widgets down to $150, thereby keeping my profit of $100 per widget. But that's where you're wrong. See, what the insurance companies did was cut their "manufacturing costs" in half, but they kept the price of "widgets" the same. And where did that extra $50 go? I think you know the answer to that question.
And that's why tort reform has ZERO effect on healthcare costs. All it does is reward insurance companies, keep incompetent doctors in business, and HURT the people who have ALREADY been hurt.
It's the old, tried and true Republican playbook. Find a villain (in this case, evil, greedy lawyers--oh, how we hate them--boo!!!), scare the public into thinking, "they're tryin' to take our shit!!!" (that, to me, sums up the Republican philosophy in one sentence--you have something--usually money, guns, freedom, or "morals"--, and somebody else, some outside, evil force, is trying to take it away from you--hence, "Vote Republican: because they're tryin' to take our shit"), and then sit back and laugh as the idiot masses clamor to GIVE AWAY all the things they're afraid the evil monsters are trying to take. "Here, nice Mr. Corporation, take all my money; it's the only way it will be safe from the evil liberals!!! Lord help me, they're tryin' to take my shit!!!"
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