Investors accused of profiting from funding mesh implant removal surgeries

09/03/2015 // JusticeNewsFlash // (press release)

New York – Some investors who funded mesh implant removal surgeries for women who could not afford them have been accused of participating in a scheme to boost award amounts in lawsuits against mesh manufacturers. Reuters reported that some mesh makers accused in lawsuits over their products claim that some surgical funders in these cases profited from the surgeries that were charged as liens against the settlements of plaintiffs in the cases.

The reports claim that the profit of the medical funder is the difference between what is paid to medical providers to purchase a bill and their recovery portion from a patient’s settlement. The medical lien can in some cases be up to 10 times what would be paid by government programs like Medicaid for certain services.

Since 2008, an estimated 100,000 lawsuits have been filed against seven companies that manufacture mesh implants. A number of patients have come forward with claims that the devices caused them serious injuries like chronic pain, organ damage, and pain during intercourse.

The report states that medical lenders have been used by at least several hundred women who have filed legal claims over mesh injuries.

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