Traumatic brain injuries can be just that—traumatic. But the trauma doesn’t end with the physical injury, unfortunately, and it can have a domino effect on your life, upsetting your relationships, your employability, your memory, and especially your finances.
Treating a traumatic brain injury can be costly, and living with the life-altering repercussions can be quite jarring, especially if you’re still paying off the medical bills from the initial injury, if you rely on costly medication, or if you’re unable to return to work. If you’re dealing with a traumatic brain injury, make sure you know what types of hidden expenses you can expect. The more you prepare, the better you’ll be able to weather the storm and, better yet, seek adequate compensation from the liable party.
There are plenty of studies out there that tell us how much it costs to live with a TBI, but we also know those numbers can vary greatly depending on the nature of the injury. Extremely serious injuries, such as fatal injuries and those that require hospitalization, account for roughly 90% of all annual TBI medical costs, according to the Centers for Disease Control and Prevention. In short, when traumatic brain injuries are especially severe, they are equally expensive.
Additionally, the CDC tells us, “the lifetime economic cost of TBI, including direct and indirect medical costs, was estimated to be approximately $76.5 billion (in 2010 dollars).” But, due to economic changes, that number is probably much more significant in 2019 dollars.
Rehabilitation costs are extremely high, and can reach up to $10 billion per year, though they don’t come anywhere close to the annual costs associated with fatalities, which can reach $16.6 billion. As high as these numbers are, they don’t even account for the toll these types of injuries affect families. For example, spouses or parents may need to terminate their employment to stay home as full-time caretakers when someone they love suffers a TBI, or they may need to cope with the injured person’s new lack of income. On top of lost wages, TBIs also lead to a decrease in productivity, at least during the recovery process, and can result in other costs associated with ongoing social services.
Considering these numbers, the average TBI survivor pays between $600,000 and $1,875,000 in a lifetime.
Do You Have a TBI Case? We Can Help You Take Legal Action.
If you suffered a traumatic brain injury due to someone else’s negligence or mistake, our firm is here to help. We understand the material and emotional cost of these types of injuries, and we want to use our legal skills and experience to help you fight for justice and compensation.
Contact Scarlett Law Group to schedule a free consultation with our experienced firm.