In the second edition of this two-part series on Forensic Economics, we take a look at a cost of illness study (COI) in comparison to a life care plan often used in plaintiff cases. Ringler Radio host, Larry Cohen welcomes John E. Scarbrough, Ph.D., President of Litigation Analytics Inc., who has over 25 years experience analyzing economic loss in cases involving personal injury and wrongful death. Larry and John examine real life cases and look at what happens when overstating cost of illness and explore how Medicare set-asides new rules could affect these life care plans.
Forensic economics is used to determine pecuniary awards in a lawsuit, commonly used in plaintiff cases. In part one of this two part-series, Ringler Radio host, Larry Cohen welcomes John E. Scarbrough, Ph.D., President of Litigation Analytics Inc., with over 25 years experience analyzing economic loss in cases involving personal injury and wrongful death. They will contrast the principles of mainstream economics with the myths often perpetrated in the courtroom. And hear about the important calculations of a life care plan and human capital in the analysis of the plaintiff’s case in this podcast series.
Economics in the courtroom and in a settlement can be very different from what we think of in terms of economics. Join Ringler Radio host, Larry Cohen with special guest Dr. John Scarbrough, who is president of Litigation Analytics, Inc. He has a PhD in economics, over 25 years’ of experience in analyzing economic loss in the matters of personal injury and wrongful death and he has recently joined Ringler Associates. You’ll hear about the concept of human capital and the ten myths of forensic economics.