Quote:
Originally Posted by CoachKandSportsguy
So we are getting closer to the situation where jurors will vote for punishments if they can be part of the same class/status as the plaintiff(s), not to be confused with a class action lawsuit. This becomes dangerous as a jury of your peers in financial punishment cases can snowball to bankrupt a company.
So yes, this precedent may just really bankrupt the private insurance / reinsurance industry if the awards continue like this. . be careful what you wish for. .
One more year of BCBS for us and then over to Medicare
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Outlandish jury verdicts are nothing new. Even when the jurists have nothing to gain. This is a function of inadequate tort reform more than anything else.
Congrats, you will definitely save a fortune when Medicare kicks in. Self funded health insurance premiums for folks between 60-65 are outrageous.