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Many insurance companies, drug companies, and oil companies spend a lot of money to generate myths about how lawsuits are out of control and responsible for all American's ills. But here are the facts.
Myth: The number of lawsuits filed is skyrocketing.
This is not true. The number of personal injury cases has been declining for many years. According to the National Center for State Courts, tort cases (personal injury) accounted for 4.4% of all civil cases. Most recent stats from the Administration's Bureau of Justice Statistics show that the number of tort trials by state has decreased.
Myth: Health care costs are rising and doctors are unable to practice due to litigation.
Health care costs are rising, but medical malpractice litigation is not the cause. According to the Congressional Budget Office, medical malpractice amounted to less than 2% of overall health care spending.
Myth: My insurance rates are going up because of lawsuits.
It is true that your insurance premiums may be going up, but it has nothing to do with lawsuits. Insurance companies make money in the stock market. When the market goes down or their investments don't perform well, they make it up by raising premiums. The industry has always made the argument that awards and damages should be limited, but caps on damages do not lower the premiums - that's been shown over and over again.
To read more about these myths and others, head over to www.justice.org.
Have you heard any of these myths? Do not be fooled by these companies that put out these myths. They are in business for themselves and not the victim. It is their job to put these myths out there to 'scare' you from filing a lawsuit. If you have in questions, give us a call at (202) 393-3320 and let us see if we can help.