The National Academy of Social Insurance recently issued its 20th annual Workers’ Compensation: Benefits, Coverage, and Costs report. The study provides estimates of workers’ compensation payments — cash and medical — for all 50 states, the District of Columbia, and federal programs providing workers’ compensation.
The study shows that:
Study authors say the drop partly reflects improved workplace safety. Also noteworthy:
“Both the incidence and severity of work-related injuries have declined steadily since 1990. In fact, according to the Department of Labor, the proportion of workers who experienced injuries that resulted in days away from work reached a 25-year low in 2015.”
The study encompasses state-by-state changes in coverage, benefits and employer costs over the last five years. The state-level results show that between 2011 and 2015:
Julie Ferguson is a marketing consultant for Lynch Ryan & Associates, a Massachusetts-based employer consulting firm. This column was reprinted with permission from the firm's Workers' Comp Insider blog.
Dec 5, 2017
Annual Holiday Party Date: Tuesday, December 5, 2017 Time: 5:30pm - 10:00pm Big Gift Giv …
Dec 6-8, 2017
The leading training event for workers' comp and disability management professionals For 24 ye …
Dec 7, 2017
Event Details: Featuring casino games, raffle prizes, and much more! LA RIMS is pleased to annou …