Ontology highlight
ABSTRACT:
SUBMITTER: Lakdawalla DN
PROVIDER: S-EPMC3601788 | biostudies-literature | 2012 Dec
REPOSITORIES: biostudies-literature
Lakdawalla Darius N DN Seabury Seth A SA
International review of law and economics 20121201 4
We use variation in the generosity of local juries to identify the causal impact of medical malpractice liability on social welfare. Growth in malpractice payments contributed at most 5 percentage points to the 33% total real growth in medical expenditures from 1990-2003. On the other hand, malpractice leads to modest mortality reductions; the value of these more than likely exceeds the costs of malpractice liability. Therefore, reducing malpractice liability is unlikely to have a major impact o ...[more]