bankruptcy shareholders
What are the track records of tort reform and deregulation?
I have heard proposals stating that health care reform should include tort reform and deregulation.
Over the past 9 years there has already been tort reform for businesses, deregulation for businesses has well as changing the bankruptcy laws. What have any of these done? Costs still continue to go up. Wages still continue to go down. And lender interest rates are higher than ever. What evidence that any of these reforms have ever been directly passed onto the consumer and not to company executives or shareholders?
Remember in capitalism the role of business is not to create profit, but to maximize it.
If you are really interested in why tort reform is needed and what can happen when it is successfully applied read the article below. Texas passed tort reform with very successful results.
http://www.tortreform.com/node/533
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