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The Litigation Side of Forensic Accounting Copyrighted 2001 D. Larry Crumbley, CPA, Cr.FA, CFD KPMG ... - page 15 / 275

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© D.L. Crumbley

U.S. tort system cost $246 billion in 2003, which is $845 per U.S. citizen ($12 in 1950).

U.S. tort costs accounted for 2.23% of GDP, (similar to 2002).

In 2002, the increasingly inefficient U.S. tort system returns less than 50 cents on the dollar to people it is designed to help; only 22 cents to compensate for actual loss.

Medical malpractice costs totaled nearly $27 billion in 2003, or $91 per person (compared to $5 per person in 1975).

Tort costs increased by a total of 33.5% in past three years.

Tillinghast-Tower Perrin, U.S. Tort Costs: 2004 Update, December 10, 2004.

U.S. Tort Costs Climbing

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