Arsine Khayoyan
October 17, 2023
Since its establishment in 1975, the Medical Injury Compensation Reform Act (MICRA) has been a cornerstone of California’s legal landscape, particularly in the realm of medical malpractice litigation. At the heart of this legislation was a contentious $250,000 cap on non-economic damages, including pain and suffering. However, in 2022, California’s legal landscape witnessed a significant […]
Arsine Khayoyan
September 11, 2023
In the realm of forensic economics, calculating damages is a nuanced and intricate task. Forensic economists play a pivotal role in quantifying the economic impact of various factors in legal cases. Two primary methodologies employed in this field are the Nominal Rates Method and the Net Discount Rate Method. While both the Nominal Rates Method […]
Arsine Khayoyan
April 5, 2023
Medical inflation and the Consumer Price Index (CPI) have a long-standing relationship that has been of great concern for policymakers, healthcare providers, and consumers alike. Medical inflation refers to the increase in the cost of medical services and products over time, while the CPI is a measure of the average change in prices over time […]
K2 Economics
July 17, 2020
We have all heard Benjamin Franklin’s famous saying: “Time is Money”. However, when it comes to calculating economic damages, usually people tend to think of only income and benefits as having value. The time one spends providing services for their household can often be overlooked, specifically in injuries that result in death. Each member of a household […]
K2 Economics
May 25, 2020
The COVD-19 virus is a pandemic unlike anything most of us have ever experienced. As the United States appears to be on the downward trajectory of new cases reported, the aftermath of this virus will continue for months, or more likely, years. There have already been a significant number of lawsuits filed. There are a number of […]
K2 Economics
February 6, 2017
With the recent election results dominating headlines everywhere, many are anticipating swift and dramatic changes in various sectors of U.S. policy. One such area garnering attention is immigration. California has the highest number of undocumented workers in the country. It will be interesting to see how the new policies will affect undocumented workers when filing […]
K2 Economics
March 17, 2016
Today, technological advances are made seemingly daily and institutions large and small from governments and Fortune 500 Companies to mom and pop shops are becoming increasingly reliant on technology and in turn increasingly vulnerable. The biggest appeal of technology is that it can make business far more efficient and reduce costs. However, as economists, we […]
K2 Economics
February 22, 2016
In many cases, pain and suffering, which is considered non-economic damages, is a significant portion of the total damages. For example, the case of Russell Sheaffer vs. NuCO2* was one where the Plaintiff suffered personal injuries as a result of a motor vehicle incident. In June of 2015, the Plaintiff was awarded over $17 million in damages. […]
K2 Economics
February 15, 2016
There are lawyers that often do not utilize the services of an expert economist, especially when the earnings portion of the case appears cut and dry. Instead, they choose to calculate the damages in-house in the interest of cutting costs. We are going to discuss a hypothetical personal injury case which seems to have a […]
