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The Economics Of Medical Malpractice
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Book Synopsis The Economics of Medical Malpractice by : Simon Rottenberg
Download or read book The Economics of Medical Malpractice written by Simon Rottenberg and published by American Enterprise Institute Press. This book was released on 1978 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: USA. Compilation of conference papers on the economic implications and legal aspects of physicians' liability in medical malpractice - covers theoretical issues, the causes of crisis in medical malpractice insurance, etc. References and statistical tables.
Book Synopsis Impact of Medical Errors and Malpractice on Health Economics, Quality, and Patient Safety by : Riga, Marina
Download or read book Impact of Medical Errors and Malpractice on Health Economics, Quality, and Patient Safety written by Riga, Marina and published by IGI Global. This book was released on 2017-01-30 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Precise and flawless medical practice is imperative due to the delicate nature of patient lives and health. Without methods and technologies to detect medical mistakes, many lives would be compromised. Impact of Medical Errors and Malpractice on Health Economics, Quality, and Patient Safety is an essential reference source for the latest research on the detection and analysis of the various implications of medical errors and addresses the hidden malpractices that exist in healthcare systems globally. Featuring extensive coverage on a broad range of topics such as clinical pathways, decision-making techniques, and health information technology, this book is ideally designed for practitioners, professionals, and researchers seeking current research on various issues in healthcare provision.
Book Synopsis The Law and Economics of Public Health by : Frank A. Sloan
Download or read book The Law and Economics of Public Health written by Frank A. Sloan and published by Now Publishers Inc. This book was released on 2007 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law and Economics of Public Health synthesizes the empirical research findings on the relationship between law and the public's health that are found scattered in different literature ranging from economic journals to medical journals, journals on addictive behaviors, law reviews, and books. This is the only study to date that has assembled the empirical evidence from many areas ranging from motor vehicle liability and dram shop liability to medical malpractice, products liability as it applies to pharmaceutical products, and medical devices. The Law and Economics of Public Health addresses the fundamental question as to whether or not and the extent to which imposing tort liability on potential injurers improves the public's health. Does the threat of litigation on potential injurers make them exercise more caution? Does insurance coverage counter incentives to be careful? Does the tort system operate as perfectly as the theory would have it? This monograph answers these questions on the basis of empirical evidence. The Law and Economics of Public Health discusses both theory and empirical evidence in several areas of personal injury to which tort liability has been applied. The monograph starts by describing the general law and economics framework used to assess both positive and normative issues relating to tort liability. It then presents the rationale for and empirical evidence on particular applications of tort liability as it applies to personal injury.
Book Synopsis Medicine and Money by : Joseph LaDou
Download or read book Medicine and Money written by Joseph LaDou and published by . This book was released on 1977 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in the Economics of Medical Malpractice Law by : Ity Shmuel Shurtz
Download or read book Essays in the Economics of Medical Malpractice Law written by Ity Shmuel Shurtz and published by . This book was released on 2011 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores the interaction between medical malpractice law and medical treatment. The first chapter addresses the question: How do malpractice lawsuits affect physician behavior? In this chapter, I study the impact of malpractice claims against obstetricians, a specialty that is regarded as particularly subject to malpractice concerns, on their choice of whether to perform C-sections, a common procedure that is thought to be sensitive to physician incentives. I find that immediately after an adverse event (defined as an obstetrical procedure that ultimately leads to a malpractice claim), C-section rates jump discontinuously by 4%. The increase in C-section rates persists even 4.5 years after the adverse event. Several other findings provide support to the view that fear of litigation and damage to reputation explain the results, rather than a mere response to the negative outcome that brought about the malpractice claim. First, unsuccessful claims, which, at the time of the adverse event, are perceived as less harmful to physicians' reputation, do not lead to an increase in C-section rates. Second, the impact on C-section rates is larger for patients insured by a commercial insurance provider, for which reputational concerns are likely to be stronger, since they are less constrained in their choice of physicians. In addition, the impact is smaller for experienced physicians, but not for those with a prior history of litigation claims. I also find evidence of peer effects: following an adverse event, a physician's colleagues also have higher C-section rates. Overall, this chapter shows that following an adverse event physicians adopt more conservative and costly treatment strategies and that their response is likely to be related to fear of litigation and damage to reputation. The impacts of malpractice regulations and financial incentives for providers are typically studied independently. In the second chapter of this dissertation, I show that in order to make both positive and normative statements about medical malpractice liability, one must consider the legal and financial incentives faced by healthcare providers jointly. I develop a simple model of physician behavior to show that the effect of tort reforms on treatment decisions depends critically on physicians' financial incentives. When treatment is not profitable at the margin, liability reduction leads to a decrease in treatment levels; conversely when treatment is profitable, liability reduction leads to an increase in treatment levels. Motivated by this simple theoretical framework, I analyze the impact of a tort reform in Texas that reduced malpractice liability on C-section rates and common pediatric surgical procedures. Consistent with the theory, the data show that the rate of C-sections for commercially insured mothers, which are thought to be profitable, increase by about 2% relative to the rate of C-sections for mothers on Medicaid, which are considered to be unprofitable. Similarly, the reform increases the incidence of profitable pediatric procedures relative to unprofitable ones. These findings help explain why the existing literature on optimal medical malpractice law is inconclusive and underscore the importance of understanding the economic incentives at play when designing legal regulations.
Book Synopsis Medical Malpractice by : Frank A. Sloan
Download or read book Medical Malpractice written by Frank A. Sloan and published by National Geographic Books. This book was released on 2010-08-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of medical malpractice from legal, medical, economic, and insurance perspectives that considers why past efforts at reform have not worked and offers recommendations for realistic, achievable policy changes. Most experts would agree that the current medical malpractice system in the United States does not work effectively either to compensate victims fairly or prevent injuries caused by medical errors. Policy responses to a series of medical malpractice crises have not resulted in effective reform and have not altered the fundamental incentives of the stakeholders. In Medical Malpractice, economist Frank Sloan and lawyer Lindsey Chepke examine the U.S. medical malpractice process from legal, medical, economic, and insurance perspectives, analyze past efforts at reform, and offer realistic, achievable policy recommendations. They review the considerable empirical evidence in a balanced fashion and assess objectively what works in the current system and what does not. Sloan and Chepke argue that the complexity of medical malpractice stems largely from the interaction of the four discrete markets that determine outcomes—legal, medical malpractice insurance, medical care, and government activity. After describing what the evidence shows about the functioning of medical malpractice, types of defensive medicine, and the effects of past reforms, they examine such topics as scheduling damages as an alternative to flat caps, jury behavior, health courts, incentives to prevent medical errors, insurance regulation, reinsurance, no-fault insurance, and suggestions for future reforms. Medical Malpractice is the most comprehensive treatment of malpractice available, integrating findings from several different areas of research and describing them accessibly in nontechnical language. It will be an essential reference for anyone interested in medical malpractice.
Book Synopsis The Economics of Health Resources by : Richard Alexander Ward
Download or read book The Economics of Health Resources written by Richard Alexander Ward and published by Addison Wesley Publishing Company. This book was released on 1975 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of this book is not to develop a sweeping model of a medical-industrial complex or a health empire, but more modestly to examine (A) Certain forces at work within the system and (B) Policy for improvement.
Book Synopsis Economic Analysis of Medical Malpractice by : Patricia Munch Danzon
Download or read book Economic Analysis of Medical Malpractice written by Patricia Munch Danzon and published by . This book was released on 1981 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contingent Fees for Personal Injury Litigation by : Patricia Munch Danzon
Download or read book Contingent Fees for Personal Injury Litigation written by Patricia Munch Danzon and published by . This book was released on 1980 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Plaintiff attorneys on personal injury cases are typically paid a contingent fee. Contingent fees are widely believed to induce excessive litigation and are increasingly regulated. A theoretical analysis of contingent and hourly wage contracts shows that, with competition for cases, attorneys paid a contingent fee will devote the amount of effort that would be chosen by fully informed, risk-neutral plaintiffs paying by the hour: the net value of the claim to the plaintiff will be maximized. However, risk-averse plaintiffs will underinvest in the number of suits and amount spent per case, if attorneys must be paid by the hour. Estimates of the effects of limits on contingent fees are presented. If the benchmark of the optimum expenditure on litigation is that which would be chosen by fully informed, risk-neutral plaintiffs, the unconstrained contingent fee is likely to induce the closest approximation to this ideal.
Book Synopsis Economics of Medical Malpractice by : ABBE Research Division Staff
Download or read book Economics of Medical Malpractice written by ABBE Research Division Staff and published by . This book was released on 2006-08 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: An index, reference, and medical analysis of new research knowledge.
Book Synopsis Medical Malpractice by : Patricia Munch Danzon
Download or read book Medical Malpractice written by Patricia Munch Danzon and published by Harvard University Press. This book was released on 1985 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: How often are patients seriously injured through faulty medical care? And what proportion of these people receive compensation for their injuries and suffering? This is the first book that tries to answer these questions in a careful, scholarly way. Among its important findings is that at most one in ten patients injured through medical negligence receives compensation through the malpractice system. The focus of public attention has been on the rising cost to physicians of malpractice insurance. Although Patricia Danzon analyzes this question thoroughly, her view is much broader, encompassing the malpractice system itself--the legal process, the liability insurance markets, and the feedback to health care. As an economist, she is concerned with the efficiency or cost-effectiveness of the system from the point of view of its three social purposes: deterrence of medical negligence, compensation of injured patients, and the spreading of risk. To provide evidence of the operation of the system in practice, to distinguish fact from allegation, and to evaluate proposals for reform, she has undertaken a detailed empirical analysis of malpractice claims and insurance markets. It is a major contribution to our understanding of how the system works in practice and how it might be improved.
Book Synopsis Medical Malpractice Litigation by : Bernard S. Black
Download or read book Medical Malpractice Litigation written by Bernard S. Black and published by Cato Institute. This book was released on 2021-04-27 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Drawing on an unusually rich trove of data, the authors have refuted more politically convenient myths in one book than most academics do in a lifetime." —Nicholas Bagley, professor of law, University of Michigan Law School "Synthesizing decades of their own and others’ research on medical liability, the authors unravel what we know and don’t know about our medical malpractice system, why neither patients nor doctors are being rightly served, and what economics can teach us about the path forward." —Anupam B. Jena, Harvard Medical School Over the past 50 years, the United States experienced three major medical malpractice crises, each marked by dramatic increases in the cost of malpractice liability insurance. These crises fostered a vigorous politicized debate about the causes of the premium spikes, and the impact on access to care and defensive medicine. State legislatures responded to the premium spikes by enacting damages caps on non-economic, punitive, or total damages and Congress has periodically debated the merits of a federal cap on damages. However, the intense political debate has been marked by a shortage of evidence, as well as misstatements and overclaiming. The public is confused about answers to some basic questions. What caused the premium spikes? What effect did tort reform actually have? Did tort reform reduce frivolous litigation? Did tort reform actually improve access to health care or reduce defensive medicine? Both sides in the debate have strong opinions about these matters, but their positions are mostly talking points or are based on anecdotes. Medical Malpractice Litigation provides factual answers to these and other questions about the performance of the med mal system. The authors, all experts in the field and from across the political spectrum, provide an accessible, fact-based response to the questions ordinary Americans and policymakers have about the performance of the med mal litigation system.
Book Synopsis Health Economics by : Charles E. Phelps
Download or read book Health Economics written by Charles E. Phelps and published by Routledge. This book was released on 2016-04-14 with total page 769 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health Economics combines current economic theory, recent research, and health policy problems into a comprehensive overview of the field. This thorough update of a classic and widely used text follows author Charles E. Phelps' thirteen years of service as Provost of the University of Rochester. Accessible and intuitive, early chapters use recent empirical studies to develop essential methodological foundations. Later chapters build on these core concepts to focus on key policy areas, such as the structure and effects of Medicare reform, insurance plans, and new technologies in the health care community. This edition contains revised and updated data tables and contains information throughout the text on the latest changes that were made to the Patient Protection and Affordable Care Act (PPACA).
Book Synopsis Quantifying the Economics of Medical Malpractice by : Sofia Isabel de Carvalho Amaral Garcia
Download or read book Quantifying the Economics of Medical Malpractice written by Sofia Isabel de Carvalho Amaral Garcia and published by . This book was released on 2011 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Doctors, Damages, and Deterrence by : William B. Schwartz
Download or read book Doctors, Damages, and Deterrence written by William B. Schwartz and published by RAND Corporation. This book was released on 1978 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Damages awarded in a malpractice suit must be viewed not only as compensating the victim but also as deterring health-care providers from negligent behavior. Economic analysis of the malpractice system indicates that awards can send a signal to providers that informs them how much to invest in avoiding mishaps. The malpractice system is beset by difficulties, but not the ones commonly incriminated. The signal to the physician, as determined by the number of claims and the size of awards ("expected damages"), appears to be insufficient for ideal deterrence. Moreover, the deterrence signal is attenuated because malpractice premiums are set for groups of physicians, not for individuals according to their record of previous malpractice incidents. Replacing the present tort system with a no-fault insurance scheme would not necessarily be cheaper, and might well abolish the deterrent signal or distort clinical decisionmaking.
Book Synopsis Economic implications of medical liability claims: by : Brigitte E.S. Jansen
Download or read book Economic implications of medical liability claims: written by Brigitte E.S. Jansen and published by BookRix. This book was released on 2017-10-27 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The issue of Medical Liability in Europe has been intensively discussed since a long time, and it needs revision to come to a harmonisation. In June 2008, the Council of Europe's Public and Private Law Unit (DG-HL Directorate General of Human Rights and Legal Affairs), in co-operation with the Health and Bioethics Divisions (DGIII - Social Cohesion), has organised a 2-day interdisciplinary Conference on "The ever-growing challenge of medical liability: national and European responses". As stated, the aim of the Conference was to gather information, share experiences and examine ways of improving standards of dealing with medical liability in the member states. It is very important to show good practices in the field which simultaneously secure the individual's access to the judiciary while ensuring just compensation for any medical malpractice were examined.
Book Synopsis Economic Analysis of Medical Malpractice Liability and Its Reform by : Jennifer Arlen
Download or read book Economic Analysis of Medical Malpractice Liability and Its Reform written by Jennifer Arlen and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Chapter provides an economic analysis of medical error employing a model in which physicians who provide suboptimal medical care may have done so knowingly (as in the traditional model) or accidentally. Accidental medical error is a leading cause of medical negligence: many if not most physicians who provided suboptimal care did not know they were doing so but instead misdiagnosed the patient, unintentionally selected the wrong treatment or erred in treatment provision. Accordingly, in order to promote optimal health care markets, malpractice liability must be structured to both induce physicians to want to provide optimal treatments (when they are informed) and to invest optimally in the expertise and patient safety measures which reduce the risk that they will misdiagnose the patient, select the wrong treatment, or err in the delivery of care. This Chapter shows that negligence liability can achieve both goals, but only if expected damages for accidental negligence are less than the ex post cost of the harm imposed. Malpractice liability can be relied on to induce optimal investment in patients' welfare only if medical institutions also are directly liable to their patients for harms caused by medical error and if medical providers and insurers are precluded from contracting over liability with patients.
