March 19, 2018

WorkCompRecap: Rising Costs!

Today’s issue of WorkCompRecap features a bit more from WCRI with the release of a new edition of their CompScope Medical Benchmarks series. In this latest release, New Jersey is examined, where costs per workers’ compensation claim were found to have risen following the end of the recession. According to the report, a 10 percent increase in medical payments per claim in 2010 was the main driver of the overall increase in workers’ compensation costs per claim.

Medical payments per claim in New Jersey were found to have risen faster in 2010 than in other study states, and medical cost containment expenses per claim also grew rapidly in the state, at rate of growth was faster than any other state in the study as well.

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