Personal Injury News

New Study Finds Lifetime Costs Of Injuries In Billions

The lifetime cost of injuries occurring in a single year in the United States totals an estimated $406 billion in medical expenses and productivity losses (including lost wages, fringe benefits, and ability to perform normal household responsibilities)- according to new findings released by the Centers for Disease Control and Prevention (CDC).

Nearly $80.2 billion is attributed to medical expenses, while $326 billion is estimated for lifetime productivity losses for the almost 50 million injuries that required medical treatment in 2000. These costs begin to accumulate when the injuries occur and are spread over each injured persons’ expected lifetime.

“The financial and economic impact of injuries in the United States is serious,” said CDC Director Dr. Julie Gerberding. “However, by expanding our science-based injury prevention programs, we can drastically reduce these costs and even more importantly help people live longer and healthier lives.”

The new data and findings were released in the book The Incidence and Economic Burden of Injuries in the United States, by scientists from the CDC, as wells as scientific research contractors at RTI International and the Pacific Institute for Research and Evaluation. The book, which is the most comprehensive analysis of the economic costs of injuries to date, makes use of 2000 data to update and expand a 1989 Report to Congress.

Researchers noted that actual costs of injuries are likely greater than the figure reported. Police services, caregiver time, costs for pain and suffering, and other non-monetary costs are not included in this analysis.

Additional findings include:

• Males account for approximately 70 percent ($283 billion) of the total costs of injuries, largely due to higher rates of fatal injury and the magnitude of their lost wages.
• Persons aged 25 to 44 years represent 30 percent of the U.S. population and 40 percent ($164 billion) of the total costs of injuries.
• Motor vehicle account for 22 percent ($89 billion) and fall injuries account for 20 percent ($81 billion) of the total costs of injuries.

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	Did You Know?
	The term "bodily injury claim" usually refers to a "personal injury claim". Economic damages" would include, but aren't limited to: Lost wages, Medical bills, Rental car expenses, etc. General damages include: Pain, Suffering, Humiliation, Distress. If you settle your bodily injury claim, it must include all the types of damages available to you, or you'll likely lose your right to recover for those losses.