KW Economics prepares life care plan costing for traumatic brain injury cases venued in Arkansas: what the loss claim consists of, the records that drive it, and a present value built to Arkansas damages rules and venues. Plaintiff and defense.
A brain injury life care plan is dominated by attendant care and supervision, therapy, medication, and case management over a lifetime, and its present value is highly sensitive to the daily hours of paid help the plan specifies and the life expectancy applied. The economist carries each item forward with the medical cost growth appropriate to its category, discounts the stream over the life expectancy the medical evidence supports, and presents the total under alternative supervision levels when the plan or the record offers more than one. Every valued item ties back to the plan so counsel and the plan's author can confirm that the valuation reconciles.
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.
Two components usually dominate: future lost earnings across a long worklife for a young person, and the present value of attendant care and supervision when the plan calls for daily hours of paid help. Because the level of supervision and the person's residual work capacity are both matters of expert opinion, the report's total is highly sensitive to those inputs, and the life expectancy used for the care stream is a second source of dispute. Mild injury with persistent symptoms presents a narrower claim built on reduced hours, lost advancement, and periodic treatment.
Arkansas trial courts act as gatekeepers and ask whether the economist's method is reliable, whether it has been tested and accepted in the profession, and whether it fits the facts of the case, with qualification resting on training and experience. A report that states its assumptions and cites its data sources answers those questions on its face.
Highest court: Arkansas Supreme Court. Court system: courts.arkansas.gov.
Federal venues: Eastern District of Arkansas, Western District of Arkansas.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Arkansas Workers' Compensation Commission.
Arkansas allows a wrongful death action for the statutory beneficiaries' pecuniary loss and mental anguish alongside a survival action for the estate, and the state constitution bars limits on the amount recoverable for injury or death. Recovery is barred only when the plaintiff's fault equals or exceeds the defendants', the common-law collateral source rule applies, and prejudgment interest is available where the amount of the loss was determinable at the time of the injury.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
A brain injury life care plan is dominated by attendant care and supervision, therapy, medication, and case management over a lifetime, and its present value is highly sensitive to the daily hours of paid help the plan specifies and the life expectancy applied. The economist carries each item forward with the medical cost growth appropriate to its category, discounts the stream over the life expectancy the medical evidence supports, and presents the total under alternative supervision levels when the plan or the record offers more than one. Every valued item ties back to the plan so counsel and the plan's author can confirm that the valuation reconciles.
Arkansas trial courts act as gatekeepers and ask whether the economist's method is reliable, whether it has been tested and accepted in the profession, and whether it fits the facts of the case, with qualification resting on training and experience. A report that states its assumptions and cites its data sources answers those questions on its face. Traumatic Brain Injury cases venued in Arkansas are heard in the Circuit Court (General jurisdiction; civil, criminal, domestic, probate, and juvenile matters), with final appeals to the Arkansas Supreme Court. Matters within federal jurisdiction proceed in the Eastern District of Arkansas and Western District of Arkansas.
Arkansas allows a wrongful death action for the statutory beneficiaries' pecuniary loss and mental anguish alongside a survival action for the estate, and the state constitution bars limits on the amount recoverable for injury or death. Recovery is barred only when the plaintiff's fault equals or exceeds the defendants', the common-law collateral source rule applies, and prejudgment interest is available where the amount of the loss was determinable at the time of the injury. 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 Arkansas rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.