ECONOMIC LOSS
Economic Analysis of Life Care Plans
A case involving an injured worker or other injured individual may include a Life Care Plan. This may be in a FELA case involving an injured railroad worker, a medical malpractice case, or some other type of injury case. A Life Care Plan is a document that estimates all the procedures, medications, therapies equipment, and other considerations the injured individual will need throughout the remainder of his or her lifetime, or recovery period.
Employment Research Corporation will compile the estimates of all the Life Care Plan components and apply the appropriate inflation and discount values to calculate the total estimated present value cost of the Life Care Plan.
