KW Economics prepares life care plan costing for personal injury cases venued in Nevada: what the loss claim consists of, the records that drive it, and a present value built to Nevada 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.
Nevada applies its own test for expert testimony: the court asks whether the witness is qualified by training and experience, whether the opinion will assist the jury, and whether it rests on a reliable methodology, drawing on the factors the federal courts use without adopting them. An economic damages report meets that inquiry by showing the published basis for each assumption and its fit with the record.
Highest court: Nevada Supreme Court. Court system: nvcourts.gov.
Federal venues: District of Nevada.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Nevada Division of Industrial Relations.
Nevada's wrongful death statute gives each heir a claim for grief, loss of support, companionship, and consortium and gives the estate a claim for the decedent's special damages and any punitive award, while a separate statutory limit applies to noneconomic damages in professional negligence cases. Recovery is barred once the plaintiff's fault exceeds the combined fault of the defendants, the collateral source rule applies outside medical malpractice, and prejudgment interest runs on past damages from service of the complaint but is not allowed on future 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.
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.
Nevada applies its own test for expert testimony: the court asks whether the witness is qualified by training and experience, whether the opinion will assist the jury, and whether it rests on a reliable methodology, drawing on the factors the federal courts use without adopting them. An economic damages report meets that inquiry by showing the published basis for each assumption and its fit with the record. Personal Injury cases venued in Nevada are heard in the District Court (General jurisdiction; larger civil cases, felonies, domestic relations), with final appeals to the Nevada Supreme Court. Matters within federal jurisdiction proceed in the District of Nevada.
Nevada's wrongful death statute gives each heir a claim for grief, loss of support, companionship, and consortium and gives the estate a claim for the decedent's special damages and any punitive award, while a separate statutory limit applies to noneconomic damages in professional negligence cases. Recovery is barred once the plaintiff's fault exceeds the combined fault of the defendants, the collateral source rule applies outside medical malpractice, and prejudgment interest runs on past damages from service of the complaint but is not allowed on future 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 Nevada rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.