The Dodd-Frank Reform The financial crisis of 2008 created one of the most uncertain times in the United States’ economy history. Not only did it affect thousands of businesses‚ but also consumer’s confidence dropped to levels not seen since the great depression. After the failure to address the issues created by the banks‚ the economy took a turn for the worse. The only way to move the economy forward was to bailout those banks and businesses that were essential to the US economy. Using taxpayer’s
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A common misconception by the supporters of the 2003 Medical Malpractice Tort Reform Act was that medical malpractice litigation was responsible for increasing healthcare costs and limited access to care. In retrospect‚ tort reform did have a number of demonstrable effects. The effect on health care administrators‚ patients and lawyers‚ and the current and future economic impact greatly outweigh the benefits of tort reform. Health Care Administrators The 2003 statue caused health care administrators
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In my opinion‚ Tort reform will benefit both the patients and the medical practitioners‚ but it is more favorable for clinicians and health providers. It will benefit the patients because of its promised to reduced health care cost and better health care access. Tort reform has the potential to attract more physicians to continue their practice. According to the report‚ through tort reform‚ patients have greater access to specialists in high-risk fields of medicine‚ and more emergency room doctors
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issue‚ let’s begin with tort reform. “Tort reform is legislature usually passed at the state level which affects the malpractice laws of a state. Tort reform usually includes laws that limit‚ or cap‚ the amount of money that patients can receive as an award from a clinician they’ve sued for malpractice. Additionally‚ tort reform caps the amount of punitive damages a judge can order the physician to pay” (Santiago 2014) Over 38 states have tort reform‚ I believe tort reform‚ was put in place to protect
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Tort Reform As with most debates fought in the popular press‚ there is some truth on both sides. At the center of this controversy is the way the legal system handles disputes or torts. A tort by definition is not just actions resulting in physical injury. Slander‚ fraud‚ and trespass are also torts. However‚ most of the argument on tort reform‚ concerns cases involving physical injury‚ medical malpractice and product liability. America is the most sue happy society in the world. We take our private
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Tort reform is a very controversial issue; it is difficult to understand as the opinions are tossed around opposing sides. From the plaintiff’s perspective‚ tort reforms serves to benefit many of the major companies including insurance companies and doctor’s offices and/or hospital. From the defendant’s perspective‚ tort reform serves to harm the big companies as defense form extremely large punitive damage awards. The current is that there is a growing concern among some that there are overconsumptions
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Health care reform has been fraught with political controversy for decades. As a developed nation and world leader‚ the United States’ government should be leading by example; however‚ they cannot seem to come to an agreement as to the best way to provide for our nation’s medical health. Programs that provide medical coverage to the poor‚ disabled and the aging are inadequate and disjointed. Subsequently‚ there are gaps that many individuals fall prey to‚ even though such programs have successfully
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Assignment: The Welfare Reform Act The Welfare Reform Act is better known as the Personal Responsibility and Work Opportunity Reconciliation Act of 1996‚ this was created by former President Clinton. Clinton vowed to stop welfare‚ he wanted it to be someone’s right not just a privilege to receive aid. Clinton wanted to help the needy people who actually needed help‚ but many people were angry with the changes that it made. Clinton did not think that people’s reactions would be so negative‚ but they
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As one can see‚ campaign finance reform has been around for a while‚ not that many people were really aware of it until the Citizens United v. FEC case of 2010. Citizens United was founded in 1988 by a Washington political consultant‚ Floyd Brown who received major funding from the Koch brothers‚ industrialist who own the secondly largest privately owned company in the US (Mayer‚ 2010). They gained fame by suing the Federal Election Commission (FEC)‚ leading to a notorious Supreme Court case which
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The article focuses on several possible proposals for health care reform by the administration of U.S. President Barack Obama which are perceived to produce unfavorable results. Such proposals include requiring employers to provide employees with health insurance‚ requiring each citizen to purchase an insurance policy that complies with government criteria and establishing a health insurance plan that would compete with private insurance. The author argues that such proposals would negatively affect
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