It’s just different

Posted on December 13, 2004 by Charles Kuffner

Why are some large damage awards by juries treated differently than others? Read Dwight and find out.

Related Posts:

  • No Related Posts
This entry was posted in Legal matters. Bookmark the permalink.

One Response to It’s just different

  1. Tim says:
    December 13, 2004 at 1:56 pm

    The market for property and casualty insurance is a heck of lot bigger than for professional negligence but still.

    What does he mean “but still?” The huge difference in market sizes does make a very big deal.

    If I lost $10,000 and Bill Gates lost $15,000…well, I think it’s obvious where I’m going with that. The $10K loss to me has far greater impact to me than $15K would have to a gazillionaire. Replace wealth with “revenue” or “earnings” or “market size” and the analogy is complete.

    It’s possible that the medical malpractice “crisis” is somewhat overblown but it is a very real concern to our medical system, and dismissing it by acknowledging yet ignoring the relative sizes of these two markets when throwing dollar loss figures around does no good and makes the author sound like a shill for the trial lawyers.

Comments are closed.