This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Californians Allied For Patient Protection: Trial Lawyers Sponsor Self-Serving Ballot Measure To Make It Easier And More Lucrative To File Meritless Health Care Lawsuits And Generate More In Legal Fees

SACRAMENTO, Calif., July 25, 2013 /PRNewswire/ -- Doctors, hospitals, nurses, community clinics, local governments, labor unions, police, emergency responders, employer groups and others today denounced a trial lawyer-sponsored ballot measure filed Wednesday that will make it easier and more lucrative for lawyers to file lawsuits against health care providers and generate more in legal fees.  The initiative's main provision makes changes to California's landmark Medical Injury Compensation Reform Act (MICRA) to increase the cap on speculative, "non-economic" damages from the current $250,000 to more than $1.2 million (based on an adjustment mandated in the initiative).

Filing a ballot measure is just the first in a long series of steps needed to qualify a measure for the November 2014 ballot. While trial lawyers have failed to follow through on many similar threats in the past, if they actually go forward and qualify the measure, a coalition of doctors, hospitals, nurses, community clinics, local governments, labor unions, police, emergency responders, employer groups and others vowed to wage a significant campaign to expose the lawyers' self-serving agenda and to defeat the measure.

MICRA governs legal proceedings and lawsuit payouts when someone is injured in a medical procedure. The measure filed includes other provisions serving as "window dressing" relating to drug testing and prescription drugs. But make no mistake, the main purpose is to change MICRA to make it easier and more lucrative for lawyers to file lawsuits against doctors, hospitals, community clinics, and other health care providers, and generate big paydays for themselves.  The measure would increase costs for consumers by billions of dollars per year while reducing patient access to health care providers.

"The measure filed today is nothing more than a self-serving attempt by trial lawyers to generate more in legal fees," said Paul R. Phinney, M.D., President, California Medical Association. "More meritless lawsuits against health care providers do nothing to improve health care quality. They only enrich lawyers at everyone else's expense."

Phinney pointed to recent polling which found that 59% of voters support MICRA, with 30% "strongly" in support.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs