Lawsuit Abuse News
more lawsuit abuse news in Sick Of Lawsuits
Lawsuit Industry Generates Billions, Report Says
"Trial lawyers raked in $40 billion last year from lawsuits, according to a report released yesterday by a New York think tank…Medical malpractice awards have risen to an average of $1 million, while insurance premiums have jumped 30 percent to 75 percent nationwide in the last two years." The Washington Times, September 24, 2003
Rising health costs take bite out of small biz
"Small-business profits are getting pinched because of price increases for employee health insurance. Among small companies that posted lower earnings in August vs. a year ago, 18% blamed higher insurance costs, says a survey of 544 firms by the National Federation of Independent Business trade group.
In a similar survey a year ago, 11% blamed health insurance costs for their earnings dip." USA TODAY, October 5, 2003
Tough Questions Are Raised on Fen-Phen Compensation
"The trust set up to compensate people injured by fen-phen, the formerly popular diet drug, says that an alliance of doctors and lawyers filing invalid claims threatens to drain its coffers… Stuck in the middle are people who are sick and who have legitimate claims, but who must wait for the audits to be completed before recovering any money.
Their plight and the battle between the trust and some plaintiffs' lawyers - other plaintiffs' lawyers are in agreement with the trust's position - highlights a broad and growing challenge for courts handling litigation over medical injuries attributed to fen-phen, asbestos and various prescription drugs." The New York Times, October 7, 2003