This is undoubtedly a record-size red herring. We long ago established the Food and Drug Administration, to oversee the testing and evaluation of new drugs. We have already mandated a quite extensive criteria for FDA approval of any new drug, even the human testing of drugs.
What you are doing is allowing your emotions to cloud your common sense. This is a problem with liberals. In your warped emotionalized view, drug companies are just greedy rich republican pigs who are concocting products to sell and turn a profit. Everyone who responds to the non-stop 24/7 barrage of commercials on TV, is a poor innocent victim who has a completely legitimate claim for damages. The reality is, most doctors and pharmaceutical companies are dedicated to providing the best medical care, and have the best of intentions regarding their patients/clients/customers. In fact, their very reputation depends on it. The reality is, the cottage industry of suing for every possible thing, is very lucrative for many people, and drives up the cost of health care.
Now, you liberals continue to counter this point, by emphasizing the relatively small percentage of health care cost devoted to paying settlements and judgments. First of all, I have no way of knowing how accurate your data is, I just know non-stop 24/7 commercials in every major market, is very expensive, and these could not be perpetual unless someone was making a lot of money doing it. But the dishonest aspect is, you are focused on the actual money aspect of paid rewards, and that is not what drives up health care costs.
A reward means that someone was sued and had to pay. When is the last time you went to a doctor who had been sued for malpractice? When is the last time you bought a drug from a company sued for negligence? You see, it is not the reward, it is the reputation. Doctors and drug companies can not afford to be sued, from a reputation standpoint, it is a deal killer. So, what they have to do, aside from using sound ethical judgment and making well-founded medical decisions, is carry some very expensive insurance. It is not the reward money ordered by the court, it is the cost of the insurance to the medical professionals, who can't afford to be nailed to the cross.
But now, all of this, show how propaganda works. You've obviously read some refutation of TORT reform, and the counter argument about relative cost of malpractice damage awards, and that is the basis for your beliefs, since it dovetails with your agenda already. It doesn't address the point I made at all, it's a record-size red herring.