Today's lecture on Republican pandering to special business interests concerns the soon-to-be-extinct legal doctrine known as "equitable subrogation." You're excited already, aren't you?
Here's the nickel explanation. Suppose you're in a car accident and you suffer a bunch of damages: medical bills, lost wages, lawyers' fees, and so forth. Your insurance company pays your medical bills, and then you sue the other guy and recover damages. What happens to the money you recover?
read the article here... http://www.washingtonmonthly.com/archives/individual/2006_01/007991.php