Document Type
Article
Publication Title
Southern Economic Journal
Publication Date
1985
ISSN
0038-4038
Page Number
484
Keywords
malpractice, medical personnel, medical economics
Disciplines
Health Law and Policy | Law | Medical Jurisprudence
Abstract
The early offer reform proposal for medical malpractice provides an option for claimants to receive prompt payment of all their net economic Losses and reasonable attorney fees. Using a Large sample of closed individual medical malpractice claims from Texas supplemented by data from Florida, this article provides an empirical assessment of the consequences of the early offer reform. Noneconomic damages make up about two-thirds of paid claim amounts. The minimum payment amount for serious injuries will affect the magnitude of insurer savings and claimant compensation. Payments to claimants will be expedited by 2 years by the early offer reform, and Litigation costs will be reduced by an average of $100,000-$200,000 per claim.
Recommended Citation
Joni Hersch and Joe A. Stone,
"New and Improved" Estimates of Qualification Discrimination, 52 Southern Economic Journal. 484
(1985)
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/674