[PeevedPatriot]

"I’ll bet this is first time the Federal Govt has ever dictated profit.."

They do it to the Oil Industry. (Not that it makes it right, mind you.)

Imagine if law firms that handle malpractice claims had to function under terms similar to Obamacare. Imagine they're limited to 15% profit. And could only charge fees set by the feds. And were required to represent everyone who asked. And could only build their case around criteria set by boards of partisan appointees. Can you imagine the ruckus?

[GeronL]

15% profit AND overhead costs

How do you limit overhead knowing full well they have just barely begun to toss paperwork, regulations and mandates on your business?

[shibumi]

"Imagine if law firms that handle malpractice claims had to function under terms similar to Obamacare. Imagine they're limited to 15% profit. And could only charge fees set by the feds. And were required to represent everyone who asked. And could only build their case around criteria set by boards of partisan appointees. Can you imagine the ruckus?"

Now that you mention it.....

In specific areas of the law, notably Social Security Disability, that is exactly what is done. The difference being that the set fee is 20% of the settlement for back pay of the disability claim.

This has resulted in a purposeful delay in the settlement of claims. The bureaucrats routinely deny valid claims out to two and three appeals just so that the claimants will seek legal counsel.

The lawyers, if they are forced into accepting a fresh case, will magically discover roadblocks that will drag the case out for a few years, increasing the amount of the settlement and not coincidentally, their fee.

Can I prove massive collusion to guarantee the lawyers increased fees? No.

Does it nonetheless exist? Youbetcha.