Today’s issue of WorkCompRecap features the release of the 2020 edition of WCRI’s report Monitoring Trends in the New York Workers’ Compensation System, which originally examined the performance of the New York workers’ comp benefit delivery system following reforms enacted in 2007 but has evolved to track performance and impact of additional changes.
Key findings from the report included that medical payments per indemnity claim stabilized after 2014, following moderate growth of 3-4% per year from 2007. Medical payments per claim were also stable for key provider types. Benefit delivery expenses per claim have increased 4-6% per year since 2014, depending on claim maturity; somewhat slower than from 2007-2014, when benefit delivery expenses per claim grew 7-8 % per year.
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