Economic Damages: More than Just Paying the Bills

A medical malpractice case is a type of personal injury lawsuit and, just as in claims involving auto accidents or injuries due to hazardous property conditions, the goal of Chicago medical malpractice attorneys is to ensure you receive full compensation for damages you sustained due to the negligence of another. Of course, you should not be stuck paying medical bills or other costs that accumulated because of your medical provider’s negligence. However, recovering your economic damages goes far beyond simply getting your bills paid.

The complex analysis required to calculate a lifetime of financial impact from a malpractice injury falls into the category of forensic economics. Because your damages claim requires you to place a dollar value today on costs that will occur in the future, the calculations involved go well beyond simple arithmetic. Among other things, these calculations take into account:

  • Loss of current wages and fringe benefits
  • Decrease in earning capacity in the future
  • Loss of retirement benefits
  • Cost of household services
  • Cost of ongoing medical care

Experienced Illinois personal injury attorneys know how to delve deeply into the past, present and future consequences of your injury to evaluate its overall financial impact on you and your family — and seek economic damages that cover it all. Contact the attorneys of Phillips Law Offices and take your first step toward full economic recovery from your medical malpractice injury.