When you are involved in a car accident you are inevitably burdened with a huge amount of expenses, ranging from damages to your car to medical and recovery costs. It is almost always a difficult and trying time both physically and emotionally, regardless of the severity of the accident. Take into account the time spent filling out forms, phoning around and chasing insurance companies is enough for anyone to start pulling their hair out. This is really compounded with severe injuries that need to be tended to, before having to worry about all of the administration and headaches that accompany this….
Taking a broader view of the real cost of accidents, in a combined view for the United States the CDC provides some real insight into what motor vehicle crash injuries actually cost in real terms! [Data based upon 2012 statistics]
Days in Hospital
Americans spend more than 1 Billion days in hospital as a direct result of injuries sustained in a motor vehicle accident. This provides us insight into medical costs, days missed from work as well as the inconvenience incurred to the victim and their families.
Lifetime Medical Costs
Injuries sustained as the result of a crash amounted to $18 billion in lifetime medical costs. Perhaps more importantly, the CCD provides that 75% of the crash injury costs are incurred within 18 months of the injury being sustained. These figures speak to the fact that you cannot wait before contacting an injury attorney due to the potential hindrance you may experience as imposed by the various states’ Statutes of Limitations. Also bear in mind that the CDC speaks of lifetime medical costs. Although we may strive to recover from an injury there may be lingering complications associated to your injuries sustained in the future.
The loss of work time impacted individuals and the economy to the tune of $33 billion, in 2012. This represents the everyday person who loses wages or even the ability to work because of a car accident, an accident injury, or in the worst case scenario the wrongful death of a breadwinner within a family.
Delving deeper into the statistics that the CDC quotes in the mentioned insight, we find that in 2012:
2.5 million Americans were sent to the ER or Emergency Department, at a cost of $3,300 for each crash-related visit, a further 200,000 were hospitalized at a cost of $57,000 over the injured person’s lifetime.
Although the instances of accident injuries have reduced over the years there are still number of measures that can be implemented to reduce injuries, or more serious injuries. In the event of sustaining injury in a car accident regardless of how ‘light’ you feel such an injury may be, always consult your doctor or a physician specialist as well as a personal injury attorney to discuss your options for compensation.