$54 billion in 10 years

That's all. The CBO says tort reform would reduce health care spending by .05 percent. Lawyers must be wetting their pants. Now, to the rest of us, that sounds like A LOT of money, but in government, which now doesn't bat an eyelash at trillions and thinks the stimulus actually stimulated something, that's nothing. That's play money. That's Monopoly money in pretty colors. We could save more than that by just cleaning up graft in the food insecurity programs in USDA.

Tort reform could affect costs for health care both directly and indirectly: directly, by lowering premiums for medical liability insurance; and indirectly, by reducing the use of diagnostic tests and other health care services when providers recommend those services principally to reduce their potential exposure to lawsuits. Because of mixed evidence about whether tort reform affects the utilization of health care services, past analyses by CBO have focused on the impact of tort reform on premiums for malpractice insurance. However, more recent research has provided additional evidence to suggest that lowering the cost of medical malpractice tends to reduce the use of health care services.

CBO now estimates that implementing a typical package of tort reform proposals nationwide would reduce total U.S. health care spending by about 0.5 percent (about $11 billion in 2009). That figure is the sum of a direct reduction in spending of 0.2 percent from lower medical liability premiums and an additional indirect reduction of 0.3 percent from slightly less utilization of health care services. (Those estimates take into account the fact that because many states have already implemented some of the changes in the package, a significant fraction of the potential cost savings has already been realized.)