I’m writing this in a waiting room in a large hospital. My wife and I have been here several days with her mother who broke her leg a few days ago. With a lot of time on my hands in the midst of all this healthcare I found myself thinking about Hillary Clinton’s and Barack Obama’s plans to solve the healthcare "crisis."
Their primary concern seems to be the cost of needed healthcare, not its actual availability. There are many reasons that healthcare costs have increased at a higher rate than most life essentials. Among these are two of the biggest reasons: the availability of expensive high-tech diagnostic equipment and medical malpractice litigation. This post is about the latter reason.
I believe that if we can get rid of malpractice suits, and the need for doctors to carry very expensive insurance to protect themselves from such suits, healthcare will become much less expensive. Some will complain though that people must be able to sue to protect themselves from incompetent healthcare providers. I say a better approach is to do your homework in choosing your healthcare providers and then just take your lumps if things go wrong. But I have a plan that will accommodate both approaches.
Congress should pass a law that allows individuals to choose their approach. If they choose to carefully select their providers and then take their chances without the right to be compensated for damages, they should expect to pay much less for their healthcare. If they choose to retain the right to to be compensated for damages, they should expect to pay much more for their healthcare. The law should allow healthcare providers to operate exclusively under one approach or the other or under either approach on a case by case basis. The law should provide a form or document containing a standardized statement that guarantees that a healthcare provider cannot be sued for malpractice if his patient signs the document before receiving treatment.
I believe only a few years will have passed before everyone will be opting for the less expensive approach and that this law will then make more affordable healthcare available to more people than either of the candidates’ plans. And maybe we could avoid having the same caliber of government-provided healthcare as our government-provided education.