PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (674705)	3/10/2005 1:01:02 PM
From: tonto	Read Replies (1) of 769670

"Among Trial Lawyers, Inc.’s most mature markets is that for medical malpractice. Today, soaring jury verdicts are producing outstand-ing returns for the lawsuit industry even as they drive up insurance costs and make it difficult for patients in some areas to find doctors or hospital care.[88] Hard-pressed to pay skyrocketing premiums or even to find coverage, doctors are abandoning risky procedures, retiring early, and moving out of tort-friendly states.[89] A major challenge facing Trial Lawyers, Inc. in the future will be how to maintain this lucrative market as these avoidance tactics spread. But for the moment, business couldn’t be better." Source: Trial Lawyers Inc. The increase in malpractice insurance costs from 1999 to 2003 was caused by the decline in the stock market and decline in interest rates which cut their investment profits.

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