2015 State Workers’ Comp. Fiscal Data Research Bulletin Available

//2015 State Workers’ Comp. Fiscal Data Research Bulletin Available

2015 State Workers’ Comp. Fiscal Data Research Bulletin Available

The annual Workers’ Compensation Fiscal Data Research Bulletin showing state workers’ compensation system payments and costs from 2004 to 2013 is now available to UWC Members on the Members Only page at http://www.uwcstrategy.org/uwc-members-only/products/

The publication is also available for purchase by the public and UWC members through the book shop

Members only discounts – http://www.uwcstrategy.org/product-category/members-only-book-shop/

Nonmember prices – http://www.uwcstrategy.org/product-category/bookshop/

The Bulletin includes a ten year review and comparison state by state.

Indemnity benefits increased from 2012 to 2013 by 2.0%, and medical benefits increased by 0.2%. The overall national benefit cost rate moved down from 0.97 to 0.96.

States had significantly different costs per employee, with the following highest and lowest benefit costs per employee in 2013. Note: the benefit cost per covered employee is not a specific measure of costs to employers for comparable work across states and does not account for differences in industrial composition of a state work force.

Highest

Washington ($827)

Alaska ($808)

California ($799)

Wyoming ($705)

West Virginia ($669)

New York ($648)

Oklahoma ($613)

Lowest

Arkansas ($189)

DC ($196)

Texas ($205)

Utah ($232)

Indiana ($241)

South Dakota ($242)

Virginia ($287)

States with the greatest increases from 2012 to 2013 in average benefit cost rate were

North Dakota (18.1%)

Wyoming (16.2%)

DC (13.0%)

Delaware (8.8%)

South Dakota (4.8%)

States with the greatest decreases from 2012 to 2013 in average benefit cost rate were

Kansas (-12.2%)

New Mexico (-12.1%)

Rhode Island (-9.4%)

Oklahoma (-8.7%)

New Hampshire (-7.7%)

By |2015-09-16T17:36:54+00:00September 16th, 2015|Categories: Uncategorized|Comments Off on 2015 State Workers’ Comp. Fiscal Data Research Bulletin Available

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