Severe and catastrophic motor vehicle accident injuries impact the lives of victims in many ways. Spinal cord injuries, for example, come with lasting physical consequences such as full or partial paralysis. They also affect your financial situation, especially if you can no longer earn an income.
Unfortunately, medical treatment for spinal cord damage is not a one-and-done event. In other words, you typically cannot get a single treatment for these injuries and walk away cured of your harm. Most motor vehicle accident victims must pay for spinal cord healthcare over and over and over, often for the rest of their lives.
What does it cost to treat spinal cord injuries?
The costs can range from about $40,000 per year to almost $5 million in lifetime costs for injuries leading to paralysis. The amount victims pay to live with spinal cord paralysis depends on the severity of the injury and the age at which it occurred.
Say a 25-year-old suffers a spinal cord injury leading to the paralysis of all four limbs. The first year of treatment will likely cost more than $1 million. For each subsequent year, spinal cord care costs about $190,00, approaching several million dollars in lifetime costs. If a 50-year-old victim suffers the same injury, their lifetime treatment costs will total approximately $2.5 million.
We chose to discuss these injuries and treatment costs because spinal cord damage is a common problem after motor vehicle accidents in Las Vegas. If you fail to make sure you get the financial compensation you deserve, you might not have enough funds to cover your medical care expenses.
We urge you to learn more about the laws governing motor vehicle accidents and injury compensation in Nevada. When you take the proper legal steps early in the wake of your crash, you have an ideal chance of acquiring substantial compensation.