Medical costs have been skyrocketing over the past several decades, with no reduction of cost in sight. Similarly, health insurance premiums have increased as well. Millions of people are forced to go without insurance, hoping that the day will not come when they regret this circumstance.
One fall, crash of a ladder, running of a red light, car accident or other misfortune can change everything.
Until recently, many who were injured — even if their injuries were the result of the negligence or fault of another — had no options to pay for their surgeries. This situation can be a dangerous double-edged sword. If you can’t pay for surgery, you cannot get better. If you do not get better, you cannot return to work.
Fortunately, for those who have experienced personal injuries, who have filed lawsuit claims, and who are represented by attorneys, there is now a way to finance surgeries, even without health insurance. Increasingly, plaintiffs are using pre-settlement funding to pay for surgeries and related costs such as facility fees, anesthesiology, x-rays, MRI’s, radiology, physical therapy, and doctor’s visits. This is a win-win situation for lawsuit plaintiffs and for plaintiffs’ attorneys.
First, those who are injured gain access to health care, which many would not receive without pre-settlement surgery funding. Surgery lawsuit funding advance enables patients to get well again, and to return to work if possible, as quickly as possible. Those who have been injured can therefore reduce the financial impact and long-term negative physical and emotional effects of their injuries.
Second, surgery financing can give plaintiffs and plaintiffs’ attorneys the staying power to last through discovery and pre-trial motions. Often, defendants seek to delay and prolong the litigation process, knowing that they have deeper pockets than the plaintiffs and plaintiffs’ attorneys who represent those who have been injured. If money is needed for medical care, then plaintiffs may have no choice but to accept a lower settlement than needed to compensate them for or pay for their injuries. As a result, this new trend of pre-settlement surgery funding means that plaintiffs will receive the recoveries they deserve to compensate them for the physical injuries they have suffered.
Not only does surgery pre-settlement funding provide a win-win situation for plaintiffs and their attorneys, it also is a no-lose proposition for plaintiffs and their attorneys. As is the case with the more standard pre-settlement lawsuit cash advance, surgery financing is paid back only at the end of the case, and only if the case is successful. If the plaintiff does not prevail, he or she owes the surgery funding company nothing.
Pre-settlement surgery funding is not a loan. Rather, it is technically known as a “non-recourse cash advance.” Unlike loans, there is no required repayment unless the case is successful. Also, unlike loans, there is no credit check, and there are also no up-front or monthly fees. In some cases, surgery funding can be provided within hours of the request.
It may take a while for universal healthcare to ever happen in the United States, and it may in fact never happen. Regardless, for those who need surgical care and can’t afford it, or for those who have no insurance, there is an intriguing new solution. That’s why surgery financing and financing of costs related to surgery is becoming increasingly common. Surgery financing companies are generally those companies, such as www.LawCash.com, who provide pre-settlement funding to lawsuit plaintiffs in personal injury cases. As is the case with traditional pre-settlement funding, surgery funding helps level the playing field for plaintiffs against better funded defendants. Surgery funding is a useful new service that looks like it is here to stay.