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URL:  http://boards.fool.com/so-this-probably-covers-close-to-50-of-the-24484750.aspx

Subject:  Re: t.Retirement won't happen for me Date:  8/18/2006  3:41 PM
Author:  ResNullius Number:  53242 of 76079

So, this probably covers close to 50% of the population, if not 50% - I would have thought we would see some cost decrease by now if it were going to happen.

Not hardly. First, only a few of the states with caps apply the caps to anything other than medical malpractice or punitive damages. Second, many of the states with caps have loopholes large enough to drive a herd of elephants through. Third, in many of the states with caps, the plaintiff's attorneys file suit in other states that in turn refuse to apply the caps as a matter of public policy. In short, the current situation with tort reform in America is that there is virtually no real tort reform, with the possible exception of some headway being made with medical malpractice.


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