The article points out the reason the premiums are rising so high is because the insurance companies miscalculated. They went into the business without adequate reserves. They have seen their investments plummet, as everyone else has on Wall Street, and they are trying to make it up with new malpractice insurance premiums at the highest possible levels. So, instead of blaming the juries that find a doctor or hospital at fault, let us also take into account the insurance companies' economic and accounting problems which have led to this crisis today. Let's look specifically at this amendment. Senator McConnell is consistent. When we brought up the bill about corporate corruption, he offered an amendment relating to trial lawyers. He believes that trial lawyers are the root of all evil. That amendment did not pass. Now we come to a bill involving the cost of prescription drugs. Senator McConnell returns with another amendment related to trial lawyers. It is said that if the only tool you own is a hammer, every problem looks like a nail. It appears that when it comes to the issues in the Senate, for some Senators the answer to every problem is to go after the trial lawyers.
Editor's note · Context
Discussing the rising costs of malpractice insurance and amendments related to trial lawyers.
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