Biotech Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Biotech Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Healthcare Costs
Workers' compensation costs exceeding cash benefits and medical payments for injured workers
August 18th, 2006
Employers' costs for workers' compensation grew faster than combined cash benefits for injured workers and medical payments for their treatment, according to a new study issued by the National Academy of Social Insurance. The cost increase in 2004 (the most recent year for which data are available) continues a trend that began after 2000, when workers' compensation costs and benefits relative to wages were at their lowest point in the last 15 years. Total workers' compensation benefit payments for injured workers rose by 2.3% to $56.0 billion, while employer costs rose by 7.0% to $87.4 billion. "The fact that employer costs rose faster than payments...
Source: Biotech Law Weekly (2006-08-18)
|
