Handling Mesothelioma this Recession

Handling Mesothelioma this Recession

Everyone is dealing with this terrible recession that is going on in the US. It affects homeowners, renters, single people and families alike. The government has been taking necessary steps to manage this recession by cutting taxes and expenses on programs. It also increased its spending to create new jobs for the unemployed and improve the crippled manufacturing and services sectors. Unfortunately, being ill during this time is not an easy thing to deal with, especially when the disease is Mesothelioma. The prognosis and survival rates are incredible poor and the research on treatments is sometimes lacking in funding, even more so in the time of recession.

Recession and Mesothelioma

The effects of recession are being seen in many aspects of life, including people suffering from Mesothelioma. It is known fact that people are likely to contract malignant Mesothelioma, a rare form of cancer, if they are exposed to asbestos. Thousands of Mesothelioma cases are diagnosed in the United States due to occupational or household exposure to asbestos because tiny particles of the fibrous mineral were widely used in a number of industries. In addition, family members of employees were regularly exposed to asbestos as the people working in these industries carried them into their homes on their clothing, shoes, skin and hair.

Similar to all areas of healthcare, Mesothelioma research and treatment need to be handled in a different manner during the period of recession. First and foremost, people suffering from Mesothelioma and interested in filing lawsuits against the company where they were exposed to asbestos need to think realistically. It is important to analyze the amount they can receive as compensation from these companies. They need to talk everything over with a capable attorney who has handled similar cases, especially during periods of recession.

Effects of Recession on Funding Companies

Funding companies, like The Asbestos Injuries Compensation Fund, have been affected by the recession. They have declared that they will not able provide funds to victims of asbestos-related diseases, like Mesothelioma, due to the current recession. The .5 billion fund they were able to create solely through the James Hardie building materials firm in 2006 now has a deficit of about .5 million for its compensation fund payouts. This deficit is predominantly due to the decline in the housing market.

Due to the recession, the funding company made the decision to pay victims in installments rather than through lump sum payments which were the norm. To tackle the problems related to recession for Mesothelioma patients, they are requesting additional funding from the government. They believe that the option of payment through installments is not feasible as the disease is diagnosed at the later stages and at times those suffering from Mesothelioma do not typically live to see the full payout of their compensation. Apart from this, their other regular expenditures like medical bills and taking care of their family will be difficult to handle through this method of compensation. It will be very interesting to find out just how willing the government will be to help people suffering due to employer negligence.

http://mesoblog.org/blog/mesothelioma-recession/


Article from articlesbase.com

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