delete The Mesothelioma Lump Sum Payments (Conditions and Amounts) (Amendment) Regulations 2018
Amendment to the Mesothelioma Lump Sum Payments Regulations 2008, updating payment amounts for victims of diffuse mesothelioma (and their dependants). Applies to those diagnosed or dying on or after 1st April 2018. Contains two tables setting fixed compensation amounts based on age at diagnosis or death, ranging from £90,097 (age 37 and under) to £13,998 (77 and over) for victims, and £46,888 to £7,763 for dependants.
Government-mandated compensation schemes of this type distort labor market signals, create moral hazard by insulating employers from full liability for workplace hazards, and suppress the development of private insurance markets for occupational disease. The arbitrary payment tables (£90,097 for a 37-year-old versus £13,998 for a 77-year-old) are bureaucratic determinations with no economic rationale—younger victims receive more because they have more years of expected loss, but this could be addressed through private insurance rather than public compulsion. Such schemes ultimately discourage workplace safety innovation by transferring the cost of negligence to taxpayers. While well-intentioned, the free-market correction is to hold employers and their insurers directly liable through tort law, not to create another state-managed transfer payment that Britons must fund through National Insurance.