Document Type
Working Paper
Date of This Version
9-1-2012
Keywords
Health insurance, forensic economics, Affordable Care Act, tort reform
Abstract
Plaintiffs in personal injury lawsuits are entitled to compensation for future medical expenses. We argue that the “guaranteed issue” and “individual mandate” requirements of the recently passed Affordable Care Act (ACA) will allow victims to address their health needs through the purchase of a simple health insurance plan rather than direct compensation for an itemized list of health care needs. As such, damage awards for health expenditures should be capped at a maximum of $5,950 per year. Furthermore, the role of a life care planner should evolve into determining which life care expenses are covered under covered by the minimum insurance requirements mandated by the ACA and which entail additional expenditures beyond those covered by health insurance.
Working Paper Number
1201
Recommended Citation
Congdon-Hohman, Joshua and Matheson, Victor, "Potential Effects of the Affordable Care Act on the Award of Life Care Expenses" (2012). Economics Department Working Papers. Paper 10.
https://crossworks.holycross.edu/econ_working_papers/10