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Podcast: Cato Event Podcast
Episode: Medical Malpractice Litigation: How It Works, Why Tort Reform Hasn’t Helped
Description: For years there has been an ongoing debate about the causes of medical malpractice liability insurance premium spikes and their impact on access to care and defensive medicine. State legislatures responded to premium spikes by enacting damages caps on noneconomic, punitive, or total damages, and Congress has periodically debated the merits of a federal cap on damages in medical malpractice cases.Yet, there has been a shortage of evidence in support of the narrative that excessive damage awards are responsible for such premium spikes. What did cause those premium spikes? What effect did state‐leve...