Fay Law Group, P.A.
Free Initial Consultations Phone Answered 24 Hours A Day

Medical malpractice costs aren't spiking healthcare costs overall

The business of healthcare is undeniably complex. From accreditations to pricing, sourcing materials to educating providers, each step in the healthcare process is critical to patient safety. Each step in the process also tends to be quite expensive. Over the past several years, lawmakers have taken notice of just how expensive obtaining necessary medical care can be for Americans. And though they have taken steps to address this issue, healthcare costs continue to skyrocket.

Those who are less familiar with the issue and those who would prefer to see medical malpractice costs go down often blame medical malpractice awards for driving up healthcare costs across the board. In truth, these awards have not been spiking healthcare costs. However, failure to hold healthcare providers accountable for negligence does spike healthcare costs when patients are forced to pay for costly errors again and again and again.

It is worth noting that according to the Huffington Post, the cost of medical malpractice awards has dropped dramatically over the past decade. This trend corresponds with a substantial increase in healthcare costs overall. This inverse relationship should be cause for concern, not additional criticism of medical malpractice plaintiffs and their cases.

When patients are seriously injured as a result of a trusted provider’s negligence, they should be able to seek appropriate damages in court. And because some medical errors result in death, disfigurement or serious disability accompanied by significant financial loss for the patient, some of these awards should be appropriately large. It is important to note that even when large awards have been handed down over the past decade, they have not spiked healthcare costs. The industry is allowing that to occur independently and in spite of decreasing medical malpractice award amounts.

Source: Huffington Post, “It Ain't the Lawyers: Medical Malpractice Costs Have Been Dropping,” David Belk, Nov. 1, 2013

No Comments

Leave a comment
Comment Information
Our Promise To You No matter what your case involves, you can depend on Fay Law Group for honest advice, careful attention to detail, and individualized client service. Contact us today to schedule your free initial consultation.
Proud Sponsors We here at Fay Law Group, P.A., continue a tradition of military support established more than 40 years ago.
attorney photo

Washington Office
777 Sixth Street, N.W.
Suite 410
Washington, DC 20001

Map & Directions

Rockville Office
206 North Adams
Rockville, MD 20850

Map & Directions

Silver Spring Office
2048 Merrifield Drive
Silver Spring, MD 20906

Map & Directions

Frederick Office
235 W. Patrick Street
Frederick, MD 21701

Map & Directions