Daily Archives: January 24, 2008

OHSU Pushes Financial Panic Button; Still No Call for Tort Reform, However.

OHSU, after pilfering $200m of the Tobacco settlement(with state consent–thanks, Neil!) , urban renewal funds, PDX funds, etc, to build the tram, SoWa, etc, finds itself in another crucial bind after the state supreme court ruled the quasi public/private teaching university and research facility does not qualify for the state’s $200K limited liability cap. See Zero story here.

In short: they’ve gotta pay just like every other hospital in America if they’re found liable for a screw up.

Welcome to the terror dome that is the real world of docs in the box.

Yet, what to do when the cold, hard reality of the real world hits the ivory tower??? OHSU has announced 200 layoffs, closure of rural health care clinics, reductions in medical school admissions and tearing out the kitchen sink. Their world had come to an end. Their tram was left dangling in the wind…

But apparently they’ve decided to blame their woes on one case. The case of a baby deprived of oxygen after birth, whose parents have sued. Who knew? Jack Bog’s blog has a treatment of the case here and Steve Duin has some enlightening observations about OHSU’s fiscal accountability (or lack thereof) here in The Zero.

Nowhere, however, does anyone suggest overall tort reform to lessen the liability damages for every doctor and medical facility. Or would that cause too much consternation in their journalati and tort bar circles?

I think people should be compensated for their losses and pain and suffering, don’t get me wrong. It’s the additional huge punitive damages, lawyers fees, and other costs ladled on that bust the system. Welcome to the real world, OHSU.

Tell ’em where you saw it. Http://www.victoriataft.com

Stimulus? Extend Marginal Tax Rate Cuts to Produce More Growth

How will you spend your $600?

IF YOU WORK: If you paid $300.00 in income taxes you’d get $600 “REBATE”

If you’re married: $1200.00
For each child: $300.00

If you work but pay NO TAXES and make $3000.00, you get a $300.00 ‘rebate.’
IF YOU’RE A COUPLE AND MAKE OVER $170,000.00 NO REBATE.
Businesses will be able to get tax breaks for equipment investment.

Wall Street Journal Graphic
See that graphic from the Wall Street Journal? That shows productivity increases as shown by the Gross Domestic Product (GDP). See that big spike after 2003? That’s the Bush marginal tax decreases going into effect. Why not make those permanent? Obviously it’s not a panacea, but dropping money from planes seems a rather ineffective way to stimulate the economy.
From Investor’s Business Daily:

Some 116 million American families will get rebate checks of $600 to $1,200, along with an additional $300 per child. The 116 million families include 35 million that don’t pay taxes. So their “rebates” will really amount to one-time welfare payments.

We all like getting checks from the government. But as we’ve said, this scheme will only take money from some people and give it to others. Some of the money will be saved, some will go to pay down debt and some will be spent on imports. How is that “stimulus”?

Of the plan’s total $150 billion in cost, $50 billion will go to businesses. No, it’s not a “giveaway,” as some have styled it. Businesses will take their breaks and create new products, new jobs and more wealth for all Americans. In time, they will also pay more in taxes, not less. If it’s a giveaway, it’s to all Americans — not business.

Tell ’em where you saw it. Http://www.victoriataft.com

OHSU Pushes Financial Panic Button; Still No Call for Tort Reform, However.

OHSU, after pilfering $200m of the Tobacco settlement(with state consent–thanks, Neil!) , urban renewal funds, PDX funds, etc, to build the tram, SoWa, etc, finds itself in another crucial bind after the state supreme court ruled the quasi public/private teaching university and research facility does not qualify for the state’s $200K limited liability cap. See Zero story here.

In short: they’ve gotta pay just like every other hospital in America if they’re found liable for a screw up.

Welcome to the terror dome that is the real world of docs in the box.

Yet, what to do when the cold, hard reality of the real world hits the ivory tower??? OHSU has announced 200 layoffs, closure of rural health care clinics, reductions in medical school admissions and tearing out the kitchen sink. Their world had come to an end. Their tram was left dangling in the wind…

But apparently they’ve decided to blame their woes on one case. The case of a baby deprived of oxygen after birth, whose parents have sued. Who knew? Jack Bog’s blog has a treatment of the case here and Steve Duin has some enlightening observations about OHSU’s fiscal accountability (or lack thereof) here in The Zero.

Nowhere, however, does anyone suggest overall tort reform to lessen the liability damages for every doctor and medical facility. Or would that cause too much consternation in their journalati and tort bar circles?

I think people should be compensated for their losses and pain and suffering, don’t get me wrong. It’s the additional huge punitive damages, lawyers fees, and other costs ladled on that bust the system. Welcome to the real world, OHSU.

Tell ’em where you saw it. Http://www.victoriataft.com