When someone is diagnosed with a spinal cord injury or SCI, the cost of the injury is usually not limited to medical bills. SCIs may impact the rest of the victim’s life, so it is very important to receive sound advice before settling for any amount of money. Many SCI victims, rushed into a settlement by an insurance company, receive far less than the total costs associated with such an injury.
How does an attorney go about calculating a figure for settlement of a spinal cord injury? In essence, the attorney for the victim must think about the totality of costs over the victim’s lifetime. This means that age, occupation, and severity of the injury must all be considered.
According to the National Spinal Cord Injury Statistical Center, there are four broad categories of spinal cord injuries, and the costs associated with each are different.
These medical costs do not include indirect costs such as loss of potential future income, increased living expenses, and other costs. For a healthy, 25-year-old victim, these costs can be extreme. A young person with a high tetraplegic injury could reasonably expect to lose $4.7 million over the course of a lifetime in total costs. A 50-year-old victim with incomplete motor function of any type could lose as much as $1.1 million of the remainder of his or her life.
Clearly, SCIs are expensive and devastating injuries. If you have suffered any type of spinal cord injury, be sure to contact the caring, professional attorneys at Barber & Associates. We have worked with spinal cord injury victims in Alaska for many years, and we can help you recover the compensation you deserve. Give us a call today to learn more about how we can help you provide for yourself and your loved ones after a spinal cord injury.
Barber & Associates, LLC has recovered more than 45 Million Dollars in verdicts and settlements for Injured Alaskans.
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