Today’s issue of WorkCompRecap features WCRI’s release of the latest edition of its CompScope Benchmarks reports, which provide in-depth analysis of trends in claim costs as well as the impact of reforms in 18 state workers’ compensation systems.
The 19th edition of the studies analyze workers’ comp claims data over a period of years, and can help with identifying current cost drivers and emerging trends in a wide variety of system components. WCRI noted that trends in workers’ comp medical and indemnity payments were noted in a number of states with changes such as new laws or court rulings. The studies also examine how income benefits, overall medical payments, duration of temporary disability, litigiousness, benefit delivery expenses, and timeliness of first indemnity payment change over time.
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