The proposed bill amends Arkansas law to require that a plaintiff's verdict in a tort action be reduced by any payments received from collateral sources. Specifically, after a jury has determined the amount of damages to be awarded, the court will reduce this amount by any compensation the plaintiff has received or will receive from various sources, including other individuals, corporations, insurance companies, or funds. However, the reduction will not apply to benefits received from contracts that the plaintiff has entered into and paid for themselves.

This change aims to ensure that plaintiffs do not receive double compensation for their injuries or damages. The court is mandated to enter judgment based on the reduced amount after considering these collateral payments, thereby streamlining the process and clarifying the financial responsibilities of the parties involved in tort actions.