The Forum > General Discussion > Effects of Lawsuit abuse
Effects of Lawsuit abuse
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The overall impact of such lawsuits on the US economy can be pointed below:
• The cost of the U.S. tort system for 2003 was $246 billion, or $845 per citizen or $3,380 for a family of four.
• U.S. tort costs increased 35.4 percent from 2000 to 2003.
• The Growth of U.S. tort costs have exceeded the Gross Domestic Product (GDP) by 2-3 percentage points in the past 50 years.
• The U.S. tort system is inefficient; it returns less than 50 cents on the dollar and less than 22 cents for actual economic loss to claimants.
A recent study lists the Texas Liability system among the worst. The survey also showed that nearly 81 percent of the respondents indicated that the litigation environment of a state can affect decisions such as where to locate or where to do business.
The job of Texans for Lawsuit Reform (TLR) is to fight such lawsuit abuse. The Co-founder and Chairman of TLR, Mr. Dick Weekley, envision a litigation system devoid of game playing and intimidation, allowing plaintiffs to be fairly compensated and defendants to get a fair day in court.
www.pacificresearch.org/press/clip/2006/clip-05-24-06tlr.html