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SHRED Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-14-05 07:52 AM
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When the Incentive to Save a Life Dies
Here's what the neoCONs want for the nation.

______________________________________________


Dec 12, 2004
When the Incentive to Save a Life Dies;
Under state law, it may be cheaper to let children die from malpractice.

by Jamie Court

The following commentary was published in the Los Angeles Times on Sunday, December 12, 2004. Jamie Court is the president of the Santa Monica-based Foundation for Taxpayer and Consumer Rights and the author of "Corporateering" (Tarcher/Putnam).
---------------
The medical horror stories at Martin Luther King Jr./Drew Medical Center have an important moral you might not have considered: If you are a poor patient in a sick hospital in California, your life is too cheap.

A hospital pathologist with a record of misdiagnoses overlooks a patient's breast cancer. Cost: $25,000 settlement.

An 11-year-old dies after King/Drew doctors remove her healthy appendix without ever diagnosing the pancreatitis that killed her. Cost: $100,000 settlement with the girl's mother.

The pittance that hospitals and doctors pay for the medical nightmares they create in California is a big factor in why negligence at King/Drew was ignored for so long and why it will occur elsewhere.

The culprit is a 1975 law that few Californians know about unless they are victims of medical malpractice. Under the Medical Injury Compensation Reform Act, or MICRA, the most an injured patient can recover absent tangible expenses -- such as lost wages or medical bills not covered by health insurance -- is $250,000. In 1975 dollars that amount is equivalent to $71,000 today.

More...http://www.consumerwatchdog.org/ftcr/co/co004761.php3

___________________________________-

And another article from 2000:
http://www.consumerwatchdog.org/justice/pr/pr000671.php3

Sonza beeches...
:mad:
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AZCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-14-05 08:27 AM
Response to Original message
1. Call me stupid, but didn't they screw up their calculations?
In the article you provided a link and snip of:
The culprit is a 1975 law that few Californians know about unless they are victims of medical malpractice. Under the Medical Injury Compensation Reform Act, or MICRA, the most an injured patient can recover absent tangible expenses -- such as lost wages or medical bills not covered by health insurance -- is $250,000. In 1975 dollars that amount is equivalent to $71,000 today.

Didn't the author screw up his or her math when calculating the present value of the money? Isn't the present value of the money $250,000, and the 1975 value several times that (probably $880,000)?

Am I missing something here? :shrug:
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meow2u3 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-14-05 10:02 AM
Response to Reply #1
2. The author screwed up by not allowing for inflation
All a wise CA lawmaker has to do is amend that law to allow for cost-of-living/inflation increases. $250K is worth 28.4% of its 1975 value, and if inflation and/or the cost of living keeps going up, 250 grand will one day be worth 250 dollars! </hyperbole off>
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