Michael Schumacher health condition latest news: Medical costs soaring as the F1 legend's recovery remains slow

After reports claimed that Michael Schumacher's recovery remains uncertain, speculations claim that his family is currently carrying the heavy weight of his situation since his medical bills continue to pile up.

Based on several reports, the legendary Formula 1 racer stays in his own home in Lake Geneva where he continues to receive intensive care from his group of medical specialists. But since he was being treated for his near fatal head accident that happened in 2013, the cost of keeping a home based medical treatment facility is putting a big dent in the family's finances.

In August, a report from iTechPost revealed that the seven-time Formula 1 champion is staying at a medical suite that was built for $14 million. The report also mentioned that his weekly treatments cost as much as $140,000. This means that a lot of money is needed to help him improve his health.

While reports claim that the German race car legend earned more than $800 million during his entire Formula 1 career, this may not be enough for him, his wife Corinna, and their two children, Gina-Marie and Mick, in the long run.

However, the Schumachers continue to protect their privacy and release little information about the health status of the former Ferrari Formula 1 champion.

In September, Schumacher's lawyer Felix Damm filed a case against a German publication called Die Bunte for reportedly releasing fabricated reports saying that he could not walk a few steps when assisted.

In a press release that was posted on BBC, Schumacher's agent clarified that the popular car racer is still far from having a major recovery. "Unfortunately we are forced by a recent press report to clarify that the assertion that Michael could move again is not true," Kehm stated. "Such speculation is irresponsible, because given the seriousness of his injuries, his privacy is very important. Unfortunately, they also give false hopes to many involved people."

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