Today’s issue of WorkCompRecap features the release of the eighth edition of WCRI’s free Medical Price Index for Workers’ Compensation (MPI-WC), which is focused on providing stakeholders with a tool for understanding how prices paid for medical professional services for injured workers in different states compare, and how prices are changing.
WCRI notes that its index is specialized for workers’ comp, while many other indexes have little or no relevance for tracking medical prices for the care provided to injured workers, which are often related to regulation changes. For instance, prices in study states with fee schedules grew slower than the national price inflation measure by the CPI-M, while prices in states without fee schedules increased faster than the CPI-M. The study covers 31 states, representing 85% of the workers’ comp benefits paid in the US.
Find out more (including a link to the free report!) by clicking here!