Alarming Statistics
Over a decade ago, the Institute of Medicine (“IOM”) estimated that preventable medical errors annually cost the American economy between $17 Billion and $29 Billion in lost income and household production, disability, and medical expenses. The IOM further estimated that as many as 98,000 Americans died each year from preventable medical errors in the nation’s hospitals.
In 2010, the Office of the Inspector General of the U.S. Department of Health and Human Services revisited those statistics, finding that 180,000 Medicare patients died from preventable medical errors. read more …