Personal Injury News

Why Do Hip Implants Lack Warranties?

Pacemakers are usually guaranteed for 5-7 years, but hip implants, which are placed in 1 million patients annually, don’t include any manufacturer warranties whatsoever. Joint implants also have the highest profits because of the need for additional surgeries that aren’t covered by the manufacturer.

High Profits on Implants

Joint implants made around $6.7 billion in profits for manufacturers alone in 2009. Each device sold for approximately $3,000 to $15,000. Since the possibility of a joint failing is 5% of 1 million implants, around 50,000 patients will need a second device sold. After doing the math and multiplying the average cost of an implant, $9,000 times 50,000 revision surgeries, the annual profit made on the second implants comes to a total of about $450,000,000 (based on our average data).

Will Health Care Reform Help Ease Expenses?

In March, 2010, health care legislation passed, but it failed to address the cost of malfunctioning hip implants. Legislation may cause artificial joints to cost more because they include an excise tax on joint sales, approximated to be $20 billion in the next ten years. This tax will be passed down to costumers, private insurance, and taxpayers.

Why Don’t Manufacturers Offer Warranties?

They do not take responsibility for their devices, and they target surgeons and patients instead. Companies claim to have no control on a patient’s weight, or if a patient takes necessary precautions post-surgery. They refuse to offer a warranty for these reasons, and make a large profit from not having warranties.

If you or a loved one have suffered due to the recent DePuy hip recall, you should consider contacting a DePuy hip recall lawyer who can evaluate your case. Some people will find that they are able to file a DePuy hip recall lawsuit to help protect their rights.

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