KW Economics prepares life care plan costing for motor vehicle accident cases venued in Oregon: what the loss claim consists of, the records that drive it, and a present value built to Oregon 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.
Oregon courts apply a multi-factor reliability inquiry of their own to expert testimony, asking whether the method is accepted in the profession, whether it has been tested and reviewed, and whether the economist applied it to the facts of the case, with qualification resting on training and experience. A damages report meets that inquiry by showing the published basis for each assumption and its fit with the record.
Highest court: Oregon Supreme Court. Court system: courts.oregon.gov.
Federal venues: District of Oregon.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Oregon Workers' Compensation Division.
Oregon's wrongful death statute gathers the estate's and the beneficiaries' claims into one action brought by the personal representative: the decedent's pre-death losses and suffering, medical and funeral expenses, the beneficiaries' pecuniary loss, and their loss of society and companionship. Recovery is barred once the plaintiff's fault exceeds the combined fault of the defendants, the court may reduce an award after verdict by collateral-source payments other than insurance the plaintiff purchased, federal benefits, and sources with a reimbursement right, and prejudgment interest is generally not available on unliquidated injury damages.
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.
Oregon courts apply a multi-factor reliability inquiry of their own to expert testimony, asking whether the method is accepted in the profession, whether it has been tested and reviewed, and whether the economist applied it to the facts of the case, with qualification resting on training and experience. A damages report meets that inquiry by showing the published basis for each assumption and its fit with the record. Motor Vehicle Accident cases venued in Oregon are heard in the Circuit Court (General jurisdiction; 27 judicial districts; civil, criminal, family, and probate matters), with final appeals to the Oregon Supreme Court. Matters within federal jurisdiction proceed in the District of Oregon.
Oregon's wrongful death statute gathers the estate's and the beneficiaries' claims into one action brought by the personal representative: the decedent's pre-death losses and suffering, medical and funeral expenses, the beneficiaries' pecuniary loss, and their loss of society and companionship. Recovery is barred once the plaintiff's fault exceeds the combined fault of the defendants, the court may reduce an award after verdict by collateral-source payments other than insurance the plaintiff purchased, federal benefits, and sources with a reimbursement right, and prejudgment interest is generally not available on unliquidated injury damages. 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 Oregon rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.