St. Paul, MN – The Minnesota Department of Labor & Industry recently released its Workers’ Compensation System report for 2011. This report, part of an annual series, presents data for 1997 through 2011 about several aspects of Minnesota’s workers’ compensation system — claims, benefits and costs; vocational rehabilitation; and disputes and dispute payroll for 2011. Its purpose is to describe statistically the current status and direction of workers’ compensation in Minnesota and to offer explanations, where possible, for recent developments.
Key findings from the report include:
- There were 4.6 paid claims per 100 full-time equivalent workers in 2011, down 48 percent from 1997.
- The total cost of Minnesota’s workers’ compensation system was an estimated $1.45 billion for 2011, or $1.28 per $100 of payroll. The latter figure was just above the low point of $1.24 reached in 2010.
- IN 2011, on a current-payment basis, the three largest components of total workers’ compensation system cost were medical benefits (53%), insurer expenses (31%) and indemnity benefits other than vocational rehabilitation (29%).
- Pure premium rates for 2013 were down 29 percent from 1997, at their lowest level since that year.
The complete report is available here: MD DLI Workers’ Compensation System Report – 2011 (PDF)
Source: MN DLI