I don’t see how this is a new subsidy. Isn’t it just a timing issue? Under the proposal they would be able to write off the expenses sooner. Unless I am missing something (most likely), they currently can write off the expenses when the settlement is awarded, or if they lose the case, they can write it off as bad debt expense.
This is lovely...
So the trial lawyers get to write off fees from failed contingency cases (i.e., the so called ‘loan default’, and with this legislation, up front to boot)...while I as a physician cannot deduct anything for care rendered to those without insurance or any ability to pay who never pay me, yet retain the ability to sue me.
Sometimes I just have to wonder exactly why I went into medicine.