When a medical professional’s mistake or negligence leads to a patient being harmed, the victim may have a right to seek compensation for damages; however, the amount of damages an injured patient can receive is currently limited under Indiana medical malpractice cap laws. These limits could potentially increase in the near future though.
Our Terre Haute medical malpractice lawyers at Fleschner, Stark, Tanoos & Newlin explain that under the current medical malpractice limits, a patient in Indiana who has been harmed can only receive $1.25 million. This limit was established more than 15 years ago. Since that time, medical costs have risen and the value of the American dollar has declined. This means that in many cases, $1.25 million may not be enough to cover the victim’s medical expenses.
These are just a few of the reasons state officials are considering raising the Indiana medical malpractice cap. Many believe there has been a need to increase these limits for quite some time, while others claim an increase to the cap could significantly inflate the costs of doing business for medical professionals. In fact, a lobbyist for the Indiana Medical Associations told Indiana Public Media that a $400,000 increase to the cap could raise a physician’s costs by as much as 15 percent.
Getting victims of medical malpractice the compensation they deserve is one of our goals at Fleschner, Stark, Tanoos & Newlin and we have seen how the limits our state places on damages for these cases also limits a patient’s ability to fully recover. This is the reason our Terre Haute personal injury attorneys are hopeful state officials reach a decision to increase the Indiana medical malpractice cap.
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The financial burden that often comes with a serious injury can be too much for many people to bear. Unexpected medical debt, damaged personal property, and the sudden loss of income can impact the budgets of most families. The good news is that a successful injury claim could help reduce that financial strain after a serious accident. Get in touch with a Terre Haute personal injury lawyer with Fleschner, Stark, Tanoos & Newlin to learn more.
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