These litigation funders are essentially exploiting the legal system for their own financial gain, frequently without any transparency as to who they are. It is an extremely profitable investment scheme, with little oversight of the funders, in which an investment group pays for legal costs, and, in return, they receive a significant portion of any settlement or award.

Globally, estimates show the industry could reach more than $30 billion by , it was a $12 billion industry in the United States that is showing no signs of slowing down. Third-party litigation funding is not widely discussed, but in THE STATES ARE THE APPROPRIATE LABORATORY FOR MEANINGFUL HEALTHCARE REFORM But one idea both parties can get behind is addressing the growing and persistent threat of meritless patent infringement litigation backed by third-party funders, which damages healthcare innovation and raises costs for consumers. When addressing something as complicated and sprawling as the healthcare system, there aren’t always straightforward fixes or bipartisan solutions. System in the world, more can be done to bolster healthcare innovation, create new and better treatments, and lower costs for families.Īfter working in healthcare policy for decades, I’ve learned there’s a lot to be proud of and a lot to improve. People of any political persuasion can also agree that despite having the best Showed our ability to adapt quickly and develop therapies for previously untreatable diseases. Americans are proud to have the best hospitals, the most talented doctors, and by far, the most innovative companies and research institutions across the globe.

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