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Jackpot Justice: The True Cost of America's Tort System
Study
By: Lawrence J. McQuillan, Ph.D, Hovannes Abramyan
3.27.2007
Jackpot Justice: The True Cost of America’s Tort System measures the direct and indirect costs to the economy of the U.S. tort system and determines how much of that total is excessive.This seminal report is an important tool, grounded in thought-provoking analysis and rigorous economic study, and a synthesis of PRI’s mission to research and educate. By presenting the costs of America’s tort system in terms that matter to individual consumers and families, Jackpot Justice encourages both public discussion and legislative debate over the preventable effects of a currently inefficient tort system. As the report shows, the economic drag of the American tort system costs billions, lowering the standard of living for ordinary citizens nationwide. Meaningful reforms to the legal system would result in stronger economic growth, more affordable products and services, and higher personal income. Consumers would also benefit from a system that encourages innovation in safety and convenience. In the absence of such reform, costs will continue to be excessive and opportunities for growth will be lost.
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