Proposition 46 is a California ballot initiative to be voted on in November 2014. if approved, it will increase the state's cap on medical malpractice liability to more than $1 million and will automatically increase the cap in future years according to the rate of inflation. RAND research looks at how changes brought about by Prop 46 may affect patients, doctors, plaintiffs, lawyers, the health care industry, and the general public.
Institute for Civil Justice Publications
The RAND Institute for Civil Justice uses empirical and objective research methods to search out the root causes of system problems and identify the best fixes. We find common ground among adversaries, and interpret findings for policymakers. Our work aims to make the system more efficient and equitable for all, protecting society from the economic and social costs of a system that could become arbitrary and capricious.
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Transforming Compliance: Emerging Paradigms for Boards, Management, Compliance Officers, and Government 2014
RAND convened the symposium "Transforming Compliance: Emerging Paradigms for Boards, Management, Compliance Officers, and Government" in May 2014 in order to stimulate a forward-looking conversation about compliance as a field, factors that are likely to contribute to its transformational change, and practical implications for key stakeholder groups. These proceedings summarize the discussions and include the white papers.
Reviews the evidence on the relationship between tort reform and physician supply and assess the implications for any given state.
Shining a Light on State Campaign Finance: An Evaluation of the Impact of the National Institute on Money in State Politics 2014
The National Institute on Money in State Politics collects, processes, and makes public information on campaign contributions made to state-level candidates for public office. Drawing on experiences of a variety of users, as well as a review of the publications that have used the Institute's data and research reports, this report provides an evaluation of the Institute's impact on the public discourse over campaign finance at the state level.
RAND Corporation researchers surveyed experts from five states that use a variety of approaches to funding state court systems to assess financing, accounting, and governance issues under various systems.
Summarizes a report that identifies potential mechanisms through which health care reform might affect claim costs for several major types of liability coverage, especially auto insurance, workers’ compensation coverage, and medical malpractice.
This report identifies potential mechanisms through which the Affordable Care Act (ACA) might affect liability claim costs and develops rough estimates of the size and direction of expected impacts as of 2016. Overall, effects of the ACA appear likely to be small relative to aggregate auto, workers' compensation, and medical malpractice insurer payouts, but some states and insurance lines may experience cost changes as high as 5 percent or more.
Culture, Compliance, and the C-Suite: How Executives, Boards, and Policymakers Can Better Safeguard Against Misconduct at the Top 2013
These proceedings summarize discussion at a symposium convened by the RAND Corporation about the challenges posed by misconduct by top-level executives; on the risk factors that contribute to such misconduct; and on practical steps that could be taken to strengthen compliance and ethical tone. White papers written by some presenters are included.
Fair Value Accounting, Historical Cost Accounting, and Systemic Risk: Policy Issues and Options for Strengthening Valuation and Reducing Risk 2013
In the wake of the 2008 financial crisis, conflicting arguments have been made about fair value accounting (FVA) versus historical cost accounting (HCA) and the role that each played in the crisis. This report examines the relationship between both types of accounting practices and systemic risk in the financial sector, providing recommendations on how FVA and HCA can both be improved.
Systemic Risk in the Financial Sector: The Role of Fair Value Accounting Versus Historical Cost Accounting 2013
Examines the relationship between fair value accounting and historical cost accounting and systemic risk to the financial system, including the role that accounting approaches played in the 2008 and earlier financial crises.