How do fatal accidents affect Oklahoma financially?
Oklahoma residents may be interested to know that the Centers for Diseases Control and Prevention provides information related to motor vehicle crashes. For example, one study publicly available analyzed the costs associated with deaths caused by motor vehicle accidents in 2005. According to that study, a staggering 30,000 people are killed in the United States every year due to motor vehicle accidents.
Those fatal accidents not only lead to the loss of life but also result in losses amounting to billions of dollars due to work-loss costs and medical expenses. According to CDC estimates , the monetary losses incurred due to fatal car crashes were a staggering $41 billion. Interestingly, the data showed that only 10 states contributed to more than half of that loss.
Oklahoma, fortunately, was not among the top 10 states on that list; however, despite that, the total estimated monetary loss from crash-related deaths during that year was $700 million. Interestingly, only $7 million, or just 10 percent, was for medical treatment. The remaining costs, amounting to $693 million, were due to loss of work.
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