Today’s issue of WorkCompRecap features the TDI-DWC’s recent announcement that premiums in the state have fallen by 63% since 2005 as they have worked to reduce costs and improve care through health care networks, a drug formulary, safer workplaces, and other reforms.
The DWC noted the fact that fewer employees are filing workers’ comp a 28% drop since 2004 has contributed to the decline in premium costs. Non-fatal injury rates are also down 36% since 2005, which it pointed to as an indication that employers are making workplaces safer. More employees are getting treatment sooner as well, with about 84% of injured workers receiving non-emergency medical care within seven days of their injuries, compared to 76% in 2000.
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WorkCompWire will return on Wednesday. Warmest wishes to you for a Happy Holiday!