Driving home late last night, I heard Jason Lewis throw out some figures - I will need to do a bit more research and verify these numbers since I wasn't taking notes. Forgive me if I am off a few bucks here, but I think this may startle you. Perhaps it will cause you to act:
- A family of 4 right now spends $9800 annually more from products so that companies can pay their liability insurance. That's right, the helmet you bought, the skateboard you bought, the knife you bought, the cookware you bought, the hammer you bought... all have frivolous law suit money and protection built in to them.
- The estimated annual cost for medical malpractice insurance in the USA is $100 Billion Dollars.
- The estimated annual cost for defensive medicine (ordering test you really don't need to cover the DR. in case you sue them) is $163 Billion Dollars.
- $0.54 of every health care dollar goes to administration/paperwork, malpractice insurance, and lawyers.