Health Law

Congressional Budget Offices Revises Estimated Savings from Tort Reform - Finds $50 Billion in Extra Savings

By Todd A. Rodriguez

In a 2008 report, the the Congressional Budget Office estimated that the savings from tort reform would amount to only about $4 Billion over the period from 2010 to 2019.  However, acording to a letter dated December 10, 2009 to Senator Rockefeller, the CBO's original estimate failed to take into consideration that tort reform would result in lower utilization of services.  Based on this previously omitted consideration, the CBO has now revised its estimate and now believes  that tort reform would result in saving of $54 Billion over the same period of time!  

Full post as published by Physician Law on December 16, 2009 (boomark / email).