Hanif, Howell, and Medical Factoring in Personal Injury Lawsuits
by Karen A. Feld on October 23, 2014
posted in Damages,
Overview In a run-of-the-mill personal injury lawsuit, a plaintiff will seek medical treatment from a provider. The provider will bill $x and that number forms the basis for damages in a lawsuit. For example, if the plaintiff has surgery and the surgery costs $20,000, then $20,000 is the number shown to the jury. The jury uses that number to come to a total damages award. (By law, payments made by an insurance company cannot be presented to the jury.) Factoring companies have entered the personal law arena by making it profitable to increase the medical bills thereby increasing the jury verdicts. ... Continue Reading
