PointofLaw.com
 Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  
   
 
   

 

 

Specter on the asbestos bill



Senator Arlen Specter has a column in today's Washington Times on the asbestos bill being considered by his Judiciary Committee. It looks like he's working toward a $140 billion trust fund, with a workers' compensation-type schedule for payouts for various ailments--with the courts opening back up should the fund be exhausted. I'm not sure that in such a form the bill will get the necessary business support, but we'll see. In any event, the devil will be in the details of how claims are to be processed and what medical standards will be used (see my post on "Fen-Phen Follies" below to see how a misconceived plan can go terribly awry).

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.