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.