Court Opinion

ID: 9574006
Source: CourtListenerOpinion
Date Created: 2023-08-21 21:01:22.48146+00
Date Added: 2024-06-11T12:43:54.498870
License: Public Domain

McFarland, J.,
concurring: I agree with the following concurring opinion authored by Justice Six. Two aspects of the circumstances involved in the annuity in question particularly concern me. There was no evidence as to how the six percent per year increase in the payments was determined or whether or not it was á realistic figure in view of the skyrocketing increase in health care costs experienced in the last few years. Also, the very short life of the offer to sell the annuity at the specified price would expire before there was any realistic possibility that the conservator would have the funds with which to purchase the annuity. An additional delay would arise from the conservator’s performance of her duty to explore the annuity market, to receive competitive bids thereon, and to determine the prudent action to take. Further, judicial review of the judgment is, by itself, a significant delaying factor.
*516Under the circumstances, the annuity offer herein was not evidence of what amount of money would be needed to meet the injured party’s future cost of medical care and maintenance.