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An Empirical Assessment of Early Offer Reform for Medical Malpractice

dc.contributor.authorHersch, Joni, 1956-
dc.contributor.authorViscusi, W. Kip
dc.contributor.authorO'Connell, Jeffrey
dc.date.accessioned2014-10-20T21:47:12Z
dc.date.available2014-10-20T21:47:12Z
dc.date.issued2007
dc.identifier.citation36 J. Legal Stud. S231 (2007)en_US
dc.identifier.urihttp://hdl.handle.net/1803/6792
dc.descriptionarticle published in law journalen_US
dc.description.abstractThe 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.en_US
dc.format.extent1 PDF (31 pages)en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen_US
dc.publisherJournal of Legal Studiesen_US
dc.subject.lcshMedical personnel -- Malpractice -- United Statesen_US
dc.subject.lcshPayment -- United Statesen_US
dc.titleAn Empirical Assessment of Early Offer Reform for Medical Malpracticeen_US
dc.typeArticleen_US


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