Asbestos

Reuters:

A $140 billion asbestos compensation fund being considered in the U.S. Senate would be swamped by more than double that amount in claims and go broke within three years, according to a study released on Monday.

The proposed fund would face claims of between $301 billion and $561 billion, as people with lung and other cancers, who historically had not been compensated by asbestos lawsuits, file for their new entitlements, the study said.

The analysis was done by Bates White, a Washington D.C. economic consulting firm, at the request of the American Legislative Exchange Council (ALEC), an association of conservative state lawmakers.

Remember this is a bill that the President wants passed because in his eyes it will help end "junk lawsuits."
Apparently that's true, but it will also end just compensation for damage from asbestos in another three years as well.

Compassion at its finest.