I've always wondered why the heck this is even allowed. Anyone with a serious injury taking a lump sum generally won't receive a fraction of what is really needed to cover their medical care. It seems to encourage fraud... Or shift the monetary burden to tax payers...
Don't get me wrong, WC is generally miserable to deal with, so I can understand wanting to get them out of one's life.
Attorneys also encourage their clients to settle for a lump sum so that they end up getting a % of the medical (unless of course the injured worker is in a state with max attorney fees.)
Every doc I've ever spoken with has said it's foolish to settle out medical with WC, yet most of their patients seem to make that choice. I decided early on that the only thing I could worry about was keeping my medical open, which resulted in me being without out a dime of income for a long stretch at one point--without the help of family I would have ended up homeless...
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Originally Posted by painman2009
No fault won that case... Im on comp.. and they have offered me 4 different settlements .I refused them all.. I will not settle.. this beast seems to be here to stay. i will need them to cover treatments for many years to come until one sticks.. and then even if it does stick it might come back.. nope I won't settle ..especially for 14 grand when in the last year they have spent over 400 grand on medical alone.. they know the real worth .. and they are insulting my intelligence . and they will do the same to all that do not know the worth of medical they will need in the future.....
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