A new jobs impact report released last week revealed that a proposal to reform Georgia's medical malpractice system would save businesses $25 billion in the first ten years--savings that could create 36,688 jobs.
The study, conducted with BioScience Valuation by economics professor Joanna Shepherd-Bailey, Ph.D., of the Emory University School of Law, examined the effect of Georgia Senate Bill 141, which would end medical malpractice litigation in the state and create a patients compensation system (PCS) instead. Her study found that a PCS would create enough healthcare cost savings to fund the creation of between 22,013 to 45,493 middle income jobs with benefits, with 36,688 most likely.