Today, thousands of veterans are suffering from life-threatening illnesses that are a result of exposure years ago to asbestos, a material that was commonly used in hundreds of military applications, products, and ships because of its resistance to fire.
Every branch of the military used asbestos products during the 20th century, causing high rates of asbestos-related cancers among veterans today, including mesothelioma and lung cancer. The timing of these high claiming rates is due to the latent nature of asbestos-related diseases, in which the manifestation of disease can occur 25-50 years after asbestos exposure.
In addition to VA Benefits, veterans can also receive compensation from the manufacturers of the asbestos containing products to which they were exposed. There are over 50 asbestos bankruptcy settlement trusts with billions of dollars set aside for the sole purpose of compensating workers injured by their products. Today, over $20 billion in assets currently reside in the trust system. Since 2006, the asbestos trust system has paid claimants nearly $25 billion in claim payments.