Today’s issue of WorkCompRecap features the release of a new edition of NCCI’s Quarterly Economics Briefing, which examines the current state of the economy and the implications for workers’ comp insurance. Key findings from this edition include continued expectations for private employment growth to slow this year and in 2018, with a higher proportion of new entrants into the workplace due to low unemployment rates over the last few years.
In this edition, NCCI is also introducing the use of the Personal Health Care (PHC) deflator as an alternative measure of medical inflation to the medical CPI, noting that the Center for Medicare & Medicaid Services constructs the PHC deflator using different methodology. NCCI also noted that it has research on the way that shows that the PHC is more closely aligned with the mix of medical services experienced in workers comp than the CPI.
Find out more (including a link to the free report!) by clicking here!