Due to the skyrocketing costs of wrongful death insurance policies and it is affect on individual’s use of certain healthcare solutions, many experts have claimed our nation is experiencing a wrongful death crisis. This isn’t the very first, however the third time america went through a wrongful death crisis. In the past, such a crisis has encouraged alterations in medical malpractice laws. Many of these laws are targeted at reducing medical malpractice insurance premiums, however, a few of these changes are targeted at revising or replacing the tort system altogether.
The tort product is the civil legislation through which a victim of medical malpractice (and/or their own families) can file a lawsuit against the negligent medical professional to find compensation for damages. In these cases an auto accident lawyer Columbia, Sc could be used. Damages awarded through a medical malpractice case can include both economic and non-economic injuries. Financial problems include such things as out-of-pocket healthcare expenses, lack of wages, and the like. Non-financial damages include things like pain, suffering, lack of consortium, impairment, and so on.
Due to the fact that settlements in medical malpractice cases often reach upwards of 6 and 7 number figures, medical malpractice insurance companies have started to significantly increase the premiums medical professionals must pay for liability insurance. The cause of greater insurance premiums is a bit more complex than this, and all relate to the insurance industry itself independent of the legal component of wrongful death.
Regardless of the exact cause, the increase in insurance costs is responsible for a medical malpractice crisis. Specifically in high-risk medical fields like obstetrics and emergency care, the wrongful death crisis has forced some doctors to stop offering certain medical services since they’re either not able to afford insurance of these practices or don’t want to expose themselves to a potential liability risk.
The recent medical malpractice crisis has prompted a nationwide discussion of medical malpractice reform in both the insurance coverage industry and the tort system. Based on which argument from the fence you sit, tort reform is visible of the same quality, bad, or a little of both. Some reason that the tort system must be substituted for a no-fault approach to compensation. Others reason that the tort system functions well and it is essential to protect the rights of seriously injured and aggrieved medical malpractice victims. Still others desire to see major alterations in both legislation and the insurance industry, such as restrictions on settlement awards, regular transaction options, tighter rules on the insurance industry, and much more.
The current wrongful death crisis is shrouded in complicated controversy. What’s important to the victims of medical malpractice is how the wrongful death crisis is affecting their rights and options.
If you’d like to learn more about the current wrongful death crisis or to learn more about your rights and options, please e mail us to speak with a professional and experienced medical malpractice attorney who are able to assist you to.