Mesothelioma Financial Compensation Guide - Ebankstech

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Mesothelioma Financial Compensation Guide

Mesothelioma Financial Compensation Guide
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According to the World Health Organization (WHO), the economic costs of asbestos-related cancers reached $2.4 billion in 2008 alone. Those costs included lost productivity and other non-medical expenses in addition to medical expenses that are directly shouldered by patients. Although health insurance coverage helps, deductibles, co-pays and other out-of-pocket expenses can quickly consume savings and lead to substantial debt.

That’s why if you or a loved one has been diagnosed with pleural mesothelioma or another illness caused by asbestos exposure, it’s important to find out what types of compensation may be available to help you. An experienced pleural mesothelioma attorney can help you determine your best sources of compensation.

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How Can I Obtain Mesothelioma Financial Compensation?

If you were exposed to asbestos at work, you may be eligible to file a workers’ compensation claim. In the early 20th century, employers in certain industries urged states to establish workers’ compensation schemes to help them avoid potentially costly tort litigation. Under workers’ compensation systems, financial compensation is available to workers who are injured on the job and, in some instances, to relatives of people who were killed at work.

State administrative boards review injury claims to determine eligibility for medical care and replacement income under state law. State law will determine whether your particular line of work and injury are eligible for workers’ compensation.

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Why Should I Consider Litigation If I’m Eligible for Other Types of Compensation?

Workers’ compensation, VA benefits and asbestos bankruptcy trusts typically only pay a fraction of an asbestos victim’s expenses. This is because there is a limited amount of funds available to disburse to victims under those systems. Compensation under the tort litigation system, however, is determined by the value of the individual plaintiff’s losses and the percentage of liability for those losses attributed to each defendant. In other words, juries base awards on the value of a plaintiff’s injuries, not a defendant’s ability to pay.

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