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• W2792503526 abstract "Abstract Medical Malpractice refers to negligence portrayed by a medical professional while providing treatment for a patient where the treatment falls below the accepted standard which leads to potential harm, injury or death to a patient. Standards and regulations of medical malpractice vary by country, but the main idea is the same: the malpractice liability system is usually designed to compensate patients who suffered from bad medical care and to deter negligence by physicians. Ideally, the theory of negligence should lead to appropriate compensation to injured patients and deter physicians from practicing negligently. However experience over the years have been different. Incidents of negligent injury in the USA, for example, have been increasing at an alarming rate, both negative and positive defensive medicine have been on the rise, and malpractice premiums increased sharply. This paper presents an overview of the malpractice system and a survey of the literature on tort reforms and their effects. Both empirical and theoretical results are discussed. The empirical results pertain mostly to the USA due to the ample availability of data that can be analyzed.  These studies point to a decrease in health care costs or positive defensive medicine as malpractice pressure decreases. Empirical studies on the effect of negative defensive medicine are rare and also have more mixed conclusions. The empirical studies are based on data sets collected over the years and the findings are therefore restricted to the type of data considered and levels of variations. The theoretical models, on the other hand, offer more insight on negative defensive medicine and are more conclusive; of course within the limitations of the assumptions made while preparing the models. The theoretical models discussed in this paper demonstrate clearly that the practice of both positive and negative defensive medicine can take place. These models offer different predictions on the effect of malpractice pressure on health care spending and quality. Keywords:  Medical malpractice, Economic Efficiency, Tort Reform, Econometrics, Empirical Models, Economic Analysis" @default.
• W2792503526 created "2018-03-29" @default.
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• W2792503526 date "2016-10-23" @default.
• W2792503526 modified "2023-09-25" @default.
• W2792503526 title "Economic Analysis of Medical Malpractice Liability and Tort Reform" @default.
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