Business Trounces Trial Lawyers?
What is the saying? Cut off your nose to spite your face?
A recent article in Business Week exhorts "Business Trounces Trial Lawyers". The article focuses on the state level tort reform efforts by business and insurance companies. No question that these efforts have been very successful in curtailing, if not altogether eliminating, the rights of those injured. However, two unintended effects are the proliferation of 'business versus business' litigation, and the fact that health insurance companies will never see the money spent on an injured's treatment. When someone is injured, payments are often made by health insurance companies for the treatment. When an attorney is able to make a recovery for the injured against the negligent party, the health insurance company is reimbursed for those payments. When there is no recovery, there is no repayment.
Read the article from Business Week here.
A recent article in Business Week exhorts "Business Trounces Trial Lawyers". The article focuses on the state level tort reform efforts by business and insurance companies. No question that these efforts have been very successful in curtailing, if not altogether eliminating, the rights of those injured. However, two unintended effects are the proliferation of 'business versus business' litigation, and the fact that health insurance companies will never see the money spent on an injured's treatment. When someone is injured, payments are often made by health insurance companies for the treatment. When an attorney is able to make a recovery for the injured against the negligent party, the health insurance company is reimbursed for those payments. When there is no recovery, there is no repayment.
Read the article from Business Week here.