Pelvic mesh manufacturers have been the target of more than 100,000 lawsuits
in federal and state courts since 2008. With massive amounts of money
involved in potential settlements for the defective products, medical
lenders have found a way to cash in on the misfortune of thousands of
injured women: by investing in surgeries that desperate women cannot afford,
in exchange for a substantial portion of any settlement that arises from
A little-known practice, medical lending involves funding surgeries in
exchange for an inflated share of payouts if or when a settlement is reached.
Medical funders argue that there is nothing wrong with this practice because
they are taking a risk by advancing money against a case that may not
ever see a settlement, and maintain that they are providing a valuable
service to women who may not have any other options. However, critics
believe that medical lenders are taking advantage of women and robbing
them of the financial resources they need and are entitled to for their
Lenders make the initial investment by buying up heavily discounted medical
bills from hospitals or doctors who are not interested in waiting years
for a settlement before they get paid. They proceed to front money for
the patient’s care, even offering “concierge services”
like flights or hotel rooms. When the settlement is reached, however,
this “generosity” must be repaid – the problem is that
some lenders overstate the amount that the case is worth to drive up the
value of the settlement. This allows them to pocket the difference, which
is often several times more than what insurance would pay for the same
Some women are claiming that they were not adequately informed of how the
lending worked and just how high the liens against their settlements could
be. Unfortunately, while some aspects of medical lending fall under state
lending laws, medical funders are not required to be licensed and are
not subject to industry-wide rules. We advise patients to exercise caution
when considering medical lending as an option for funding surgery, and
to carefully weigh and understand all of the associated risks and benefits
before agreeing to anything.
Are you struggling with a transvaginal mesh or other personal injury claim?
You can trust in the Springfield personal injury attorneys at Strong-Garner-Bauer
P.C. With a strong advocate on your side, you can get the sound legal
advice you need to ensure that you receive the compensation you deserve.
For more information, and to set up a
free consultation, please contact our firm at (417) 344-0705.