Today’s issue of WorkCompRecap features the release of a new report from CWCI that found average medical and indemnity payments during the initial stages of a claim declined in AY 2014, providing an indication that 2012 workers’ comp legislative reforms are having an impact.
Key findings from the report included that average amounts paid per indemnity claim for all medical services (excluding medical cost containment) at 3 and 6 months post injury for AY 2014 claims declined by 5.7% and 7.0% respectively compared to AY 2013 claims. CWCI did also note though that pharmaceuticals and DME continue accounting for an increasing share of total medical expenditures, and have been the fastest growing cost component since AY 2005.
Find out more (including a link to the free report!) by clicking here!