Proposed medical malpractice tort reform:
A proposal that would get victims compensated quickly, regardless of fault, and erect economic incentives to reduce adverse medical outcomes, whether or not they involve malpractice:
- Basically, the family of any patient who experiences an unexpected (iatrogenic) hospital death would receive a check for, say, $250,000 (or maybe even $500,000) provided they waive in advance their common law right to file a tort claim.
- The insurers who pay off on these episode-specific policies would then become the monitors of doctor behavior and hospital quality.
- Those with lower mortality rates (for whatever reason) would pay lower premiums and therefore be able to charge lower fees to patients.
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