Greedy Trial Lawyer
My Blind Trust Is Not Doing So Well
Category: News Defused
PUBLIC NOTICE: I do not own a coastal villa and do not belong to a country club. But, I know plenty of doctors who do.
ReviewJournal.com's EDITORIAL: Federal tort reform must have me and other trial lawyers confused with Dr. Bill Frist and his blind trust.
For Democrats, it's all about protecting lawyersOn Thursday, Sen. John Ensign, R-Nev., introduced a bill that would establish nationwide caps in medical malpractice judgments.
Senate Democrats, most of them lawyers themselves, say they're opposed to the legislation because it could shortchange injured patients to the benefit of greedy doctors, insurance companies and health care corporations. In reality, they oppose it because it could deprive lawyers of payouts that cover their coastal villas and country club initiation fees.
If anyone is buying coastal villas or paying country club initiation fees it is more likely to be physicians than lawyers. According to a table entitled Percentage Change in Inflation-Adjusted Median Salaries for Five Professions, Four-Year Intervals, derived from U.S. Bureau of Labor Statistics data, January 2006:
During the period 1996 to 2000, physicians saw an increase in income of 7.5% while lawyers managed only 2%. During the period 2001 to 2005, physicians achieved 34% improvement while lawyers could only do 18%. I feel like a second class citizen.
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