My only question is - if there is tort reform is their guaranteed lowering of health care costs?
It is not guaranteed, but it is certainly worth trying, as it costs nothing to try.
Other things must also happen, such as: Third. Get the government out of the health care business entirely.
Anecdote: My sister is an occupational therapist, specializing in hands. Her job is to get people restored to functionality after, for example, a stroke. She says she has to spend two hours on government paperwork (most of her patients are on Medicare) for every hour she spends with a patient.
As an aside, she says her best patients are farmers; they are highly motivated to get moving again, because their animals need to be take care of.
I don't have stats handy, but states that have introduced tort reform have seen costs drop accordingly.
Guarantee is a strong statement. I can't even guarantee that a large volcanic eruption won't start in the next few hours and prevent the sun from rising in the morning. But logically, I would take the odds of my life savings in a bet that the sun will rise.
Logically, it lowers costs by a good amount and will drive down costs. To what extent can be debated but there is already data suggesting it is a good amount.
Here is something else to consider along the lines of tort reform. Class Action Lawsuits should be made illegal for most issues. Class action lawsuits serve little to no purpose except to make lawyers rich, make evil corporations pay and to add extra warnings labels telling us not to eat Bengay.
I was recently involved in a class action lawsuit (solicitation in the mail where I could only opt out). Turns out we won the multimillion dollar lawsuit against a credit card company. I actually received a check FOR $0.88. That's right, I was awarded under a dollar when the real about was suppose to be something like $3.50 for the wrong the credit card company did to me (?). It was a card a had a long time ago and apparently I was charged an illegal fee. Guess who collected big time.
The same crap happens with the major drug companies and medical vendors. Class action lawsuits need regulation too (tort reform).