Today’s issue of WorkCompRecap features the Minnesota Department of Labor & Industry’s recent release of its 2015 Workers’ Compensation System Report, which found that the number of paid workers’ compensation claims fell 53% relative to the number of full-time-equivalent (FTE) employees from 1997 to 2015.
Other key findings included that average medical benefits per claim were 74% higher in 2014 than in 1997; indemnity benefits per claim were 36% higher. Medical benefits per claim have been stable since 2008 and indemnity benefits since 2003. Despite the higher benefits per claim, costs in the state are down relative to payroll because of the falling claim rate. Compared to 1997, indemnity benefits per $100 of payroll were 34 percent lower in 2015 and medical benefits were 27 percent lower.
Find out more (including a link to the free report!) by clicking here!