Saturday, September 18, 2010

Contingency fee for professionals

We should encourage lawyers and doctors to practice on a contingency fee basis. They should charge their fees only for a successful outcome. If they outcome fails, they should only be allowed to cover their expenses.

This system will help to reduce the escalation in the cost of health care. It will also help consumers to seek redress where they have incurred a large financial loss due to the negligence of a business corporation.

Read my views in www.tankinlian.com/latest.aspx.