Tort Multiplier Cap the huge cost of malpractice For health at half price  A mulit-variate, econmetric view By Tearn Media...
Conventional Wisdom <ul><li>Health is $2.2 trillion </li></ul><ul><li>Malpractice insurance is just a drop </li></ul><ul><...
Total Doctor Cost <ul><li>Insurance + Legal + Time </li></ul>
Health Industry Cost <ul><li>Doctors: 21% </li></ul><ul><li>Pharma, hospitals, nursing homes… </li></ul>
Supply Chain Multiplier <ul><li>Equipment makers </li></ul><ul><li>Device makers </li></ul><ul><li>Drugs  </li></ul><ul><l...
Defensive Medicine <ul><li>30% to 40% of $2.2 trillion </li></ul><ul><li>Legal papers </li></ul><ul><li>Extra time </li></ul>
Unbounded Penalties <ul><li>Pfizer pays $2.3 billion </li></ul><ul><li>Unknown expenses </li></ul><ul><li>Sky-high multipl...
Tort Multiplier <ul><li>Step One: Cap/change malpractice defense </li></ul><ul><li>Reduce $2.2 trillion to $1+ trillion </...
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Tort Multiplier

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A multi-variate, econometric view of the healthcare mess, published to 1,800,000 viewers at Twitter. Join the voice to gain tort reform for health at half price!

Published in: Health & Medicine
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Tort Multiplier

  1. 1. Tort Multiplier Cap the huge cost of malpractice For health at half price A mulit-variate, econmetric view By Tearn Media Network
  2. 2. Conventional Wisdom <ul><li>Health is $2.2 trillion </li></ul><ul><li>Malpractice insurance is just a drop </li></ul><ul><li>You lie! ;-) </li></ul>
  3. 3. Total Doctor Cost <ul><li>Insurance + Legal + Time </li></ul>
  4. 4. Health Industry Cost <ul><li>Doctors: 21% </li></ul><ul><li>Pharma, hospitals, nursing homes… </li></ul>
  5. 5. Supply Chain Multiplier <ul><li>Equipment makers </li></ul><ul><li>Device makers </li></ul><ul><li>Drugs </li></ul><ul><li>Services </li></ul><ul><li>Supplies </li></ul>
  6. 6. Defensive Medicine <ul><li>30% to 40% of $2.2 trillion </li></ul><ul><li>Legal papers </li></ul><ul><li>Extra time </li></ul>
  7. 7. Unbounded Penalties <ul><li>Pfizer pays $2.3 billion </li></ul><ul><li>Unknown expenses </li></ul><ul><li>Sky-high multiplier </li></ul>Everyone pays.
  8. 8. Tort Multiplier <ul><li>Step One: Cap/change malpractice defense </li></ul><ul><li>Reduce $2.2 trillion to $1+ trillion </li></ul><ul><ul><li>Why spend another $1 trillion? </li></ul></ul><ul><li>Mandate coverage, but cut FICA </li></ul><ul><li>Muffle lobby self-interest </li></ul><ul><li>Better health at half price </li></ul><ul><ul><li>Isn’t that the sensible plan? </li></ul></ul><ul><ul><li>Tell your state and federal reps. Retweet now. </li></ul></ul>
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