A study published in 2005 by Tom Baker, a law professor at the University of Connecticut who studies insurance, found that after all costs, including legal fees, insurance costs and payouts, the cost of medical malpractice suits comes to less than one-half of 1 percent of health-care spending.
Oh, I see its just more rhetoric they use to oppose health care reform.
Your assessment is substantially correct.
However, there is more to it, and it becomes obvious when one reads their actual proposed legislation.
The idea is to recast the entire legal system into one where corporations, wealthy people, companies, and major institutions can sue working class, poor, and middle class people, but the REVERSE cannot be the case. In short, it's another scam wherein the wealthy get even more money from everyone else. It's another form of "redistributing wealth" all right, but that escalator goes UP only.
Read it, it's exactly that simple, once the verbiage is cleaned up.