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jaunte2/12/2010 1:59:51 pm PST

re: #104 Varek Raith

Okay, now about Texas. As far as I can tell, tort reform there has had no effect on the cost of healthcare.

Here’s a link to a report (.pdf) about the economic effects:

Last year, TLR commissioned a study by The Perryman Group to figure out the impact of these reforms (the above are excerpted from that report). Here are the economic impact findings of that study:

$112.5 billion increase in annual spending
$51.2 billion increase in annual output – goods and services produced in Texas
$2.6 billion increase in annual state tax revenue
$468.9 million in annual benefits from safer products
$15.2 billion in annual net benefits of enhanced innovation
499,000 permanent jobs
430,000 additional Texans have health insurance today as a result of the medical liability reforms