In April 2019, the Congressional Budget Office (CBO) issued a new “preliminary” analysis of the potential impact of federal medical malpractice legislation on federal health care spending. Without knowing anything else about this densely written 49-page study, there are three important takeaways:
CBO has slashed nearly in half its estimate of health care savings from this legislation;
Probably 90 percent of the medical malpractice “tort reform” provisions in bills that Congress has considered over the last two decades would have no impact on health care costs; and
Caps on attorneys’ fees cut revenue, not spending. In other words, those laws don’t save money, they cost money.
To read the full Top 15 Things We Learned From Our Deep Dive Into CBO’s New Medical Malpractice Working Paper, click here.
To read our September 19, 2019, letter to CBO, click here.