1 result for tag: Chamber of Commerce


Bruce Braley Blasted The Chamber Of Commerce Over Tort Reform

  BACKGROUND …Tort Litigation Adds More Than $250 Billion To Cost Of HealthcareTort Litigation Costs More Than $250 Billion And 27 Cents Of Every Healthcare Dollar Goes Towards Litigation. “Tort litigation costs Americans more than $250 billion, that’s the equivalent to 2.2 percent of GDP and roughly $838 per person, according to Towers Watson.  This has real economic consequences. In healthcare alone, it’s estimated that tort reform could eliminate up 27 percent of medical costs. In other words, 27 cents of every healthcare dollar goes toward litigation.”(America's Ongoing Tort Litigation Nightmare, Forbes, 01/09/12)...