Medical Malpractice Settlements
The majority of medical malpractice claims end with an out of court settlement. Every medical malpractice case and injury is different, however, so there is no normal or fixed settlement amount.
In each medical malpractice case, there are many factors that contribute to determining what a reasonable settlement amount is, such as:
- the impact the injury has on earning capacity
- the impact the injury has on life functions
- how the jury perceives the injured party
- the atmosphere in the geographic area concerning medical malpractice
Types of Medical Malpractice Settlements
Two types of monetary awards can be received through medical malpractice settlements. First, medical malpractice settlements can compensate victims for actual damages, or the actual economic loss sustained. Settlements for actual damages compensate medical malpractice victims for medical bills, lost income or profits related to the impairment an injury causes, and other out-of-pocket expenses. Second, medical malpractice settlements can compensate victims for pain and suffering.
Because going to court can be very expensive, many large companies and medical facilities prefer paying out of court settlements over going to trial. The decision to pursue a medical malpractice settlement, however, should be made with the assistance of an experienced medical malpractice lawyer. An experienced medical malpractice lawyer can properly assess your injuries, discuss the possibility of filing a medical malpractice lawsuit, and counsel you as to whether a medical malpractice settlement is your best option.
New York Medical Malpractice Settlement Lawyers
If you have been injured by medical malpractice in New York, our attorneys and experienced medical malpractice co-counsel can inform you of your legal rights and options. With a medical malpractice settlement, you may be compensated for:
- medical bills
- lost wages
- pain and suffering
- future medical costs
Because you generally have only a limited time from the date of the medical malpractice incident within which to file a medical malpractice claim, you should contact us today for a free and confidential case review.