A study performed by CNN in 2009 indicated that upwards of 60 percent of all bankruptcy in the United States was due to medical bills. As a resident of the United States, it comes with little surprise that the cost associated with health care and medical bills can become enormous depending upon the severity of injury or illness. In addition, due to the unforeseen nature of many medical issues, those who are suffering from illness or ailments are usually unprepared to spend the amount of money required for medication, surgery, or any other associated health care cost.
According to recent research from the National Institute of Health, health care costs in the United States account for 16 percent of the nation’s gross domestic product (GDP), which is more than any other industrialized country in the world. In fact, the rate at which health care spending has continued to grow in the last several years is faster than that of inflation and the increase in the national income. Clearly, medical costs are a serious problem for many Americans throughout the nation.
From health care providers, employers, patients, and employees, the state of medical costs in the United States has become a growing problem that significantly affects the majority of individuals across the country. The state of medicals costs in Georgia is similar to that of America as a whole. Georgia residents have continued to see rises in health care costs in terms of insurance, prescription medications, and surgeries.
If you or a loved one is having issues in relation to your health care, a Savannah medical malpractice attorney is here to help. The Eichholz Law Firm is dedicated to helping Georgia residents receive the health care that they deserve, without being turned away due to enormous medical costs.
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Trends in Medical Costs
Multiple studies indicate the growth of medical costs surpassing that of the growth of national income in the United States. As more and more information becomes readily available, it has become clear that trends in medical costs continue to shift upward, demonstrating a projected continuance in the rise of costs. Recent trends have showed an unfortunate transfer of high medical costs from employers to their employees. However, government officials are beginning to recognize that moving this burden to the workforce creates a serious problem.
Another trend in rising medical costs has been linked to the differences between the price of medical care given and the actual outcome health improvement and/or life expectancy. Unfortunately, studies have found that medical care given often neglects to directly connect to health improvements. Unnecessary procedures are a substantial cause of rising costs.
The Eichholz Law Firm is sensitive to the many Georgia residents who have experienced astronomical health care bills in which they simply cannot afford. In addition, medical malpractice has left thousands of Savannah residents left with health problems, enormous medical bills, and overwhelming stress and anxiety. With this in mind, a Savannah medical malpractice attorney will take the time to get to know you and your case in order to put together a winning place of action.
Rising Medical Costs
Medical costs have continued to rise for a number of reasons. Technology is one of the biggest factors related to this rising trend. While many health care professionals will advocate for the use of technology to improve the procedures using better medical devices, opponents argue that these technologies are being misused. The costs associated with the majority of health care technologies are enormous. While new technologies most certainly help to cure diseases, treat patients, and better administer surgeries, much debate circles whether or not the costs should be controlled.
In addition to medical technology, insurance is another major factor of high medical costs. Health insurance has continued to improve in the United States. However, as these improvements continue to take place, coverage is expanded. The expanded coverage helps to provide for those making large insurance claims; nevertheless, this also may explain health care spending increases.
Medical malpractice accounts for a small portion of health care costs in the United States, yet the amount of time and money spent on medical malpractice litigation cannot be ignored. If you or a loved one has suffered from the negligence of a physician, health care facility, or medical professional, a Savannah medical malpractice attorney is prepared to take on your case today.
Contact a Savannah Medical Malpractice Attorney
When patients in Georgia enter a hospital or doctor’s office, they expect that they will be treated with the highest level of care possible. Patients must put their trust in medical professionals in order to treat illness, ailments, and other health related issues. Unfortunately, however, medical errors occur at a rapid rate in the United States, as well as in the state of Georgia. While these errors of rarely intentional, medical malpractice must not be tolerated.
At the Eichholz Law Firm, we feel strongly that those medical professionals who have made an error in regard to prescriptions, surgeries, diagnosis, etc. must be held liable for their mistakes. With more than 30 years of combined legal experience, our lawyers are well-versed in medical malpractice law. If you or a loved one has been injured due to medical professional error, you may be entitled to compensation to pay for your losses.
Complete a Free Case Review today to speak with a Savannah medical malpractice attorney.