Study Shows Medical Errors Cost the US $19.5 BillionStudy Shows Medical Errors Cost the US $19.5 Billion
Written By: Rheingold, Giuffra, Ruffo & Plotkin LLP
The Wall Street Journal reports that a study commissioned by the Society of Actuaries estimates that medical errors costs the US economy $19.5 billion in 2008. The estimate include medical costs, costs associated with increased mortality rate, and lost productivity. This conservative estimate was only of the 1.5 million measureable errors that were documented.
The report shows that there were 2500 avoidable deaths as well as 10 million lost days of work. Bed sores produced the largest annual cost at $3.9 billion. Post operative infectionscost $3.7 billion, device complications $1.1 billion, failed spinal surgery $1.1 billion and hemorrhages $960 million.
If you have been injured as the result of neglect from a medical provider at a hospital, nursing home or anywhere else contact Rheingold, Giuffra, Ruffo & Plotkin LLP to speak with an experienced New York Medical Malpractice attorney.