Monday, October 24, 2011

Libertarians, Medical Malpractice and Contract | Cato @ Liberty

Libertarians, Medical Malpractice and Contract | Cato @ Liberty:
Like others, I grow impatient with lawmakers as they struggle with inevitably arbitrary lines on whether the pain-and-suffering component of their obligatory med-mal “insurance” should top out at $500 thousand, $1.0 million, or $1.5 million. Were they to step back and allow a market to work, I think we would soon see a distinctly un-arbitrary figure emerge: $0.00.