Ronen Avraham explains why he thinks Jonathan Carmel is taking a good thing too far by proposing to take the tort lawyers out of the system altogether.

This study evaluates the impact of tort reform on private health insurance coverage using the Current Population Survey’s March Demographic Files. Proponents of tort reform argue that reform will reduce medical malpractice insurance costs, damage awards, and costs associated with defensive...

The healthcare system is sick. The players are incentivized to maximize their own benefit and externalize their costs onto the other parties. This paper examines the warped incentives that underlie the system. The Tort system, lacking expertise and slow to adapt, is unable to overcome lack of...

In this paper I propose implementing a “private regulation regime” for healthcare which would realign health care providers’ incentives so as to significantly reduce the healthcare system’s three major cost drivers: medical errors, defensive medicine and offensive medicine. The private...