Summary Mr. Hallinan illustrated that many doctors have been under fire with the rising amount of malpractice suits and thus resulting in higher premiums for malpractice insurance. However, anesthesiologists have shielded themselves against the rising premiums and in some cases been awarded a decrease in premiums. The change has been accredited to the anesthesiologists focus. Over the past few years they have focused more on improving patient safety. Their theory is that the less harm …showed first 75 words of 617 total…

…showed last 75 words of 617 total…will be represented by the change from old standard of living to the new standard of living. Graph Caption The graph below shows that with the increase in investment in human capital there will be an increase in output but with the same amount of labor. With the ability to cause less harm and the safety is available to all, growth will occur as is shown with the new curve that is labeled more capital.