Should Testosterone Therapy Plaintiffs Seek Settlement Funding?

Jacky Gale | January 12th, 2015

Doctor-Patient Thumbnail 10In recent years, men have been inundated with advertising campaigns informing them that testosterone therapy could provide the solutions to those experiencing common complaints such as fatigue and low libido. However, studies quickly began linking these products to an increased risk of adverse cardiovascular events, such as heart attacks, stroke, and death from heart disease.

Now, many of these victims of overly aggressive advertising campaigns are hoping to recoup their medical expenses by filing lawsuits against the manufacturers. While product liability lawsuits can pave the way for a substantial jury award or settlement, litigation can take months, if not years to resolve. For plaintiffs who have suffered injuries from testosterone therapy, settlement funding may provide the solution to their financial conundrums.

Testosterone therapy may lead to significant medical debt

Many Americans are one major medical bill away from financial ruin. Men who use testosterone therapy products, such as gels and patches, may have an increased risk of stroke. According to UT Southwestern Medical Center, the average cost of hospitalization for stroke patients is $38,000. However, this figure does not reflect the total lifetime costs of rehabilitation, which is estimated conservatively at $60,000. This figure does not include financial setbacks due to lost wages and the possibility of permanent disability, which involves significant loss of earning capacity.

Men who suffer a heart attack after using testosterone therapy products are in for an even bigger financial shock. The National Business Group on Health estimates the direct and indirect costs of a severe heart attack at $1 million per patient, including hospitalization, surgeries, prescription drugs, and lost productivity during recovery.

Although filing a lawsuit against testosterone therapy manufacturers may help successful plaintiffs cover their medical bills, it may take years before they’ll see a check. In the meantime, their unpaid medical bills are likely ruining their credit histories. Missed time at work during recovery translates to difficulty paying the mortgage or rent, car payments, and other everyday living expenses.

Because of these significant financial pressures, it’s not uncommon for men to feel as though they must settle for less than what they rightfully deserve in order to support their families.
With settlement funding for testosterone injury victims, there’s no need to settle with the drug manufacturer for a single penny less than what you deserve. A loan for a low T drug lawsuit can ease financial pressures and enable plaintiffs to pursue their complaints to the fullest extent necessary.

Settlement funding: a risk-free solution

One of the most remarkable features of settlement funding for testosterone injury victims is that it comes at zero risk to the plaintiff. A cash advance is distributed according to the merits of the plaintiff’s particular lawsuit and the expected settlement offer.

The money may be used in any way that it is needed – to pay medical bills or rehabilitation costs, or to make mortgage payments and buy groceries. In the event that the testosterone therapy lawsuit does not result in a jury award or settlement, the plaintiff never needs to repay the cash advance.

As a leading provider of settlement funding for testosterone injury plaintiffs and for many other types of plaintiffs, LawStreet Capital invites you to explore your lawsuit funding options by calling 1-866-FUND-662 toll-free. Your discussion with our knowledgeable representative is confidential and your application is obligation-free.

Resources:

  1. Harvard Health Publications, Is testosterone replacement therapy safe? Take a look at the latest evidence in the February 2014 Harvard Men’s Health Watch, http://www.health.harvard.edu/press_releases/is-testosterone-replacement-therapy-safe
  2. CBS Money Watch, How Much Would a Heart Attack Cost You? http://www.cbsnews.com/news/how-much-would-a-heart-attack-cost-you/
  3. UT Southwestern Medical Center, Stroke: Incidence and Cost in the United States, http://www.utsouthwestern.edu/edumedia/edufiles/education_training/programs/stars/unwin-stroke.pdf