The problem with the cost of medicine is a result of all those damn lawyers. So, how do we put a stop to their actions? Simple. We cap Medical Malpractice suits. That way, doctors can keep medical costs down by not having to pay such high malpractice premiums.
Of course, this was wildly popular at the medical school where Mitt Romney was speaking. And why not? He said all the magic words - Cap, Frivolous Lawsuit, Money.
Of course, what this doesn't address are a couple things. First off, the suits that result judgments against the doctor are not frivolous. When a doctor commits a harm (i.e. malpractice), then being subjected to civil penalties is certainly not frivolous. Second, capping medical malpractice claims potentially hurts the victims of the doctor's malpractice. The injured party may have limits on their recovery that don't match the expenses from the services he received or cost to repair what injury the doctor caused. Finally, the best way to cap medical expenses from medical malpractice claims is to get rid of the bad doctors. The fewer doctors who commit malpractice, the fewer claims. The fewer claims, the lower the premiums. It's pretty simple.
Yet it's so much easier to cast the blame elsewhere. It's not the doctor's fault for not doing their job right. It's the greedy lawyers attacking those who commit malpractice. They need to be taught a lesson. Unfortunately, the "they" Romney refers to is the wrong they.