Statement from Francesca Sommer, Executive Director of the Lawsuit Reform Alliance of New York
“Governor Cuomo’s State of the State address today pointed to a number of areas which need to be addressed to help turn around our economy and restore people’s faith in New York.
Unfortunately, ignoring the need to reform our antiquated and burdensome lawsuit system will severely restrict our ability to rebuild New York.
With a lawsuit system ranked by Pacific Research institute (PRI) as the third worst in the nation adding layers and layers of costs to municipal governments, businesses, farmers and health care providers it is no wonder that we are faced with higher taxes, lost jobs and higher priced and less available health care.
Governor Cuomo, one thing is very clear: Real reform of New York must also include lawsuit reform.
The Lawsuit Reform Alliance of New York has a nine-point platform to help reform our lawsuit system and get our economy jumpstarted. The PRI study found that lawsuit reform in New York would create 86,000 new jobs for each reform or create more than 720,000 jobs total for all nine reforms; raise production of goods and services by $17 billion, increase annual tax revenues by over a billion dollars, and reduce health care costs by $11.4 billion per year.
Information about our plan is available at www.NineWaysToFixNewYork.com.
We look forward to working with Governor Cuomo and the leadership of both sides of the legislature to implement these crucial reforms.
The Lawsuit Reform Alliance of New York (LRANY) is a broad based coalition of hardworking New York business leaders, health care professionals, local government leaders and consumers who are committed to changing New York’s burdensome and expensive legal system to help create more jobs and energize our State’s economy.