KW Economics prepares life care plan costing for personal injury cases venued in Georgia: what the loss claim consists of, the records that drive it, and a present value built to Georgia damages rules and venues. Plaintiff and defense.
For a personal injury claim the life care plan supplies the future medical and care items, and the economist's role is the economic translation of those items into a present value that reconciles with the plan. Each item's frequency, duration, and unit cost is carried forward with the medical cost growth appropriate to its category, summed year by year over the applicable life expectancy, and discounted with the rate stated. The result can stand alone or enter an integrated damages report on the same growth, discount, and life expectancy assumptions as the earnings and household services components.
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.
Which component dominates depends on the person's age, occupation, and residual capacity. For a young worker who can no longer perform a skilled trade, future earnings loss over a long worklife usually outweighs everything else. For a person who returns to work at reduced hours or lower pay, the loss is the gap between the but-for path and the post-injury path, and the size of that gap is the contested question. Where a life care plan exists, its present value is often the largest single figure in the report, and household services losses can be substantial when the injured person did most of the home's unpaid work.
Georgia trial courts act as gatekeepers in civil cases and ask whether the economist is qualified by training and experience, whether the method has been tested and accepted in the profession, and whether it was applied reliably to the facts. An economic damages report meets that inquiry by stating its assumptions and naming the data series behind each one.
Highest court: Supreme Court of Georgia. Court system: gasupreme.us.
Federal venues: Northern District of Georgia, Middle District of Georgia, Southern District of Georgia.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Georgia State Board of Workers' Compensation.
Georgia measures wrongful death by the full value of the life of the decedent from the decedent's own standpoint, an economic component built on lost earnings and services without deduction for the decedent's personal expenses plus an intangible component, while the estate separately recovers pre-death medical expenses, pain and suffering, and funeral costs. Recovery is barred once the plaintiff's fault reaches half, the common-law collateral source rule applies, and prejudgment interest on unliquidated tort damages is tied to a written demand procedure.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
For a personal injury claim the life care plan supplies the future medical and care items, and the economist's role is the economic translation of those items into a present value that reconciles with the plan. Each item's frequency, duration, and unit cost is carried forward with the medical cost growth appropriate to its category, summed year by year over the applicable life expectancy, and discounted with the rate stated. The result can stand alone or enter an integrated damages report on the same growth, discount, and life expectancy assumptions as the earnings and household services components.
Georgia trial courts act as gatekeepers in civil cases and ask whether the economist is qualified by training and experience, whether the method has been tested and accepted in the profession, and whether it was applied reliably to the facts. An economic damages report meets that inquiry by stating its assumptions and naming the data series behind each one. Personal Injury cases venued in Georgia are heard in the Superior Court (General jurisdiction; civil cases, felonies, domestic relations, equity) and the State Court (Civil actions regardless of amount except those reserved to the superior court, misdemeanors), with final appeals to the Supreme Court of Georgia. Matters within federal jurisdiction proceed in the Northern District of Georgia, Middle District of Georgia, and Southern District of Georgia.
Georgia measures wrongful death by the full value of the life of the decedent from the decedent's own standpoint, an economic component built on lost earnings and services without deduction for the decedent's personal expenses plus an intangible component, while the estate separately recovers pre-death medical expenses, pain and suffering, and funeral costs. Recovery is barred once the plaintiff's fault reaches half, the common-law collateral source rule applies, and prejudgment interest on unliquidated tort damages is tied to a written demand procedure. 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 Georgia rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.