Yale Journal of Health Policy, Law and Ethics has published an interesting short article called Debunking Medical Malpractice Myths: Unraveling the False Premises Behind "Tort Reform." You can read it here. The article concludes that regardless of the serious health care issues facing the United States right now, caps on damages are not a solution to the problem and adds that "doctors would better serve themselves and their patients by directing their anger and efforts regarding rising premiums toward the questionable practices of the insurance industry and the subset of doctors who repeatedly commit malpractice without facing adequate discipline. Seeking to take away patients' rights is not the answer."
Thanks to Day on Torts for the link.