I just received notice of a class action settlement against Expedia. Wow! I get a coupon for $11.79 in the form of an Expedia coupon. What a deal. I may not sleep for weeks. This is about the third similar class action settlement notice I have received this year. The others were not nearly this valuable.
But, these class action settlements are great…for the attorneys who file the lawsuits. While individual settlements are very small, the attorney fees are really cool. They made $10 million. Isn’t that great? I am so proud of this country. Of course these attorneys will give back to society by contributing millions of dollars to political candidates, like Barack Obama, who will fight tort reform to the bitter end.
By the way, Expedia will just increase rates to cover the cost, so in the end the coupon will be nothing more than the return of an overcharge.
Now you know why Malpractice Liability reform, which is acknowledged by everyone to be essential to reducing healthcare costs, was not even considered by the Obama administration.
TDM