Today’s issue of WorkCompRecap features the release of a new report from the National Accademy of Social Insurance that found that workers’ comp benefits rose by 1.3% to $61.9 billion in 2012, while employer costs rose by 6.9% to $83.2 billion, reflecting rising employment and earnings.
NASI noted that despite the uptick in total benefits and costs in 2012, workers’ comp benefits and costs per $100 of covered payroll have been lower in 2007 to 2012 than at any time over the last three decades. Other findings in the report include examinations of state-by-state changes in coverage, benefits, and employer costs over the last five years.
Find out more (including a link to the free report!) by clicking here!