How Much Is the Average Medical Malpractice Settlement?
When dealing with medical malpractice, understanding “how much is the average medical malpractice settlement?” is crucial for individuals who have suffered due to medical errors. At The Strom Law Firm in Columbia, SC, we provide committed representation for clients facing personal injury, criminal defense, and complex litigation, including medical malpractice cases. Our experienced legal team is here to help you pursue the compensation you deserve and guide you through every stage of your case.
Understanding Medical Malpractice Settlements
Medical malpractice settlements can vary greatly depending on multiple factors, including the severity of the injury, the complexity of the case, and the medical professional’s responsibility. According to national statistics, the average medical malpractice settlement is often in the range of $250,000 to $500,000, though significant cases involving life-altering injuries can reach millions. For those in South Carolina, settlements are influenced by state-specific laws and caps on certain damages.
Factors Affecting Medical Malpractice Settlements
Several critical factors can impact the amount awarded in a medical malpractice settlement:
- Nature and Extent of the Injury: The severity of the injury and the extent of necessary medical care can increase settlement amounts.
- Economic Damages: Costs such as medical bills, rehabilitation, and lost wages directly influence compensation.
- Pain and Suffering: The emotional and physical toll can be considered in calculating the final settlement amount.
- Liability: Cases with clear negligence may lead to higher settlements.
- Legal Representation: A knowledgeable medical malpractice lawyer can effectively present your case and negotiate the best settlement on your behalf.
Our team at The Strom Law Firm in Columbia, SC, has the experience to ensure clients receive fair compensation for injuries resulting from medical malpractice. We understand the legal nuances involved and are dedicated to offering reliable support throughout the process.
Finding the Right Lawyer for Your Medical Malpractice Case
Choosing a “lawyer near me” with experience in medical malpractice cases is essential for building a strong case. The Strom Law Firm has represented many clients in Columbia and throughout South Carolina, bringing justice to those affected by medical negligence. If you’re seeking a trusted medical malpractice attorney in Columbia, SC, reach out to discuss your case with our team.
Frequently Asked Questions the Average Medical Malpractice Settlement
What is the average settlement for medical malpractice?
The average settlement for medical malpractice varies significantly but often falls between $250,000 and $500,000. However, cases involving more severe or permanent injuries can result in higher amounts.
How long does a medical malpractice case take?
Medical malpractice cases can take several months to a few years, depending on factors like case complexity, court schedules, and the negotiation process.
Can I sue for pain and suffering in a medical malpractice case?
Yes, pain and suffering damages can be pursued in medical malpractice cases. These non-economic damages account for the emotional and physical toll of medical negligence.
Do I need a lawyer for a medical malpractice case?
Yes, having a knowledgeable attorney can greatly improve your case’s outcome. They handle the legal complexities and negotiate settlements on your behalf.
Are there caps on medical malpractice settlements in South Carolina?
Yes, South Carolina has caps on non-economic damages in medical malpractice cases, which can affect the final settlement amount.
What Is Medical Malpractice?
According to South Carolina laws, medical malpractice is defined as “doing that which the reasonably prudent health care provider or health care institution would not do, or not doing that which the reasonably prudent health care provider or health care institution would do in the same or similar circumstances.”
It can occur in many ways, with the most common examples being:
- Misdiagnoses
- Surgery errors
- Wrong medication prescriptions
- Ignored or misinterpreted laboratory results
- Poor aftercare
Medical malpractice can involve any medical professional—not just doctors—including nurses, pharmacists, physician assistants, surgeons, hospitals, and clinics, among others
Calculating Medical Malpractice Settlement Damages
The worth of a medical malpractice settlement is unique for each case. Generally, though, it’s calculated based on two things: economic damages and non-economic damages.
Economic Damages
Economic damages refer to past, present, and future loss of cash flow due to medical malpractice. These entail medical bills and expenses, including medication, rehabilitation, and the cost of assistive and adaptive devices, if needed.
Economic damages also take into account lost wages due to the victim’s inability to work. These include base pay, bonuses, commissions, benefits, pay raises, pension, and retirement fund contributions.
Non-Economic Damages
Non-economic damages refer to compensation for a medical malpractice victim’s pain, suffering, mental anguish, and loss of quality of life. These are trickier to calculate; unlike economic damages, there’s no set methodology on how to value them. Instead, they’re often determined using a seriousness factor (also known as a “non-economic multiplier”) ranging from two to five, which is then multiplied by the total value of economic damages.
Know How Much Your Medical Malpractice Case Is Worth
If you believe you or a loved one has been a victim of medical malpractice in Columbia, contact the experienced and knowledgeable medical malpractice lawyers at Strom Law to get help. The team can guide you through the complex process and help you determine how much your medical malpractice claim is worth—and how you can be awarded every cent that you deserve for your peace of mind.
Contact The Strom Law Firm Today
If you’re considering a medical malpractice claim in Columbia, SC, The Strom Law Firm is here to help. Our dedicated team of medical malpractice lawyer will work tirelessly to ensure you receive fair compensation. Contact us today to schedule a consultation and learn how we can support you in your pursuit of justice.
