KW Economics prepares life care plan costing for motor vehicle accident cases venued in Louisiana: what the loss claim consists of, the records that drive it, and a present value built to Louisiana damages rules and venues. Plaintiff and defense.
After a catastrophic crash the present value of the life care plan can exceed the earnings loss, and the attendant care, equipment, and future surgery items in the plan drive the total. The economist reduces the plan to present value with category-specific medical cost growth over the life expectancy the medical evidence supports, presents the total under alternative care scenarios where the plan offers them, and states every assumption so the valuation can be examined item by item. Because policy limits often frame the practical range, the report shows the plan's present value by category so counsel can evaluate settlement against the components that carry the most weight.
Reduction of a life care plan's line items to a single present value. The plan's items, frequencies, durations, and unit costs are carried forward with medical cost growth appropriate to each category, then discounted over the applicable life expectancy. Plan authorship stays with the life care planner; our role is the economic translation of the plan into a damages figure that reconciles with the plan and can be examined item by item.
In moderate injury the exposure is concentrated in the period out of work and any future surgery or treatment, and the numbers can usually be built directly from the records. Once an injury prevents a return to the prior occupation, the future earnings gap across the remaining worklife becomes the dominant figure, and in catastrophic injury the present value of attendant care and equipment in the life care plan can exceed the earnings loss. Policy limits often frame the practical range, so counsel commonly ask for a report that presents each component separately for settlement evaluation and for trial.
Louisiana courts ask the trial judge to act as gatekeeper for expert testimony, examining whether the economist is qualified, whether the method is reliable and accepted in the profession, and whether it was applied reliably to the facts of the case. An economic damages report answers those questions by tying each input to the record and citing its published sources.
Highest court: Louisiana Supreme Court. Court system: lasc.org.
Federal venues: Eastern District of Louisiana, Middle District of Louisiana, Western District of Louisiana.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Louisiana Office of Workers' Compensation Administration.
Louisiana's civil code provides a survival action for the decedent's own damages and a separate wrongful death action for the designated beneficiaries' losses, both measured under a pure comparative fault system. The collateral source rule applies with exceptions the courts have carved out for amounts written off by providers, and judicial interest runs on tort awards from the date of judicial demand.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
After a catastrophic crash the present value of the life care plan can exceed the earnings loss, and the attendant care, equipment, and future surgery items in the plan drive the total. The economist reduces the plan to present value with category-specific medical cost growth over the life expectancy the medical evidence supports, presents the total under alternative care scenarios where the plan offers them, and states every assumption so the valuation can be examined item by item. Because policy limits often frame the practical range, the report shows the plan's present value by category so counsel can evaluate settlement against the components that carry the most weight.
Louisiana courts ask the trial judge to act as gatekeeper for expert testimony, examining whether the economist is qualified, whether the method is reliable and accepted in the profession, and whether it was applied reliably to the facts of the case. An economic damages report answers those questions by tying each input to the record and citing its published sources. Motor Vehicle Accident cases venued in Louisiana are heard in the District Court (General jurisdiction; civil and criminal cases at the parish level), with final appeals to the Louisiana Supreme Court. Matters within federal jurisdiction proceed in the Eastern District of Louisiana, Middle District of Louisiana, and Western District of Louisiana.
Louisiana's civil code provides a survival action for the decedent's own damages and a separate wrongful death action for the designated beneficiaries' losses, both measured under a pure comparative fault system. The collateral source rule applies with exceptions the courts have carved out for amounts written off by providers, and judicial interest runs on tort awards from the date of judicial demand. The report presents past and future amounts separately, states every rate and table with its source, and shows the result under the alternatives the other side is likely to argue, so counsel can apply the Louisiana rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.