Navigation Links
Cost Per Workers’ Compensation Claim Rising In Indiana As Payments for Medical Care Increase, Says New WCRI Study
Date:12/10/2012

Cambridge, MA (PRWEB) December 10, 2012

The average cost of a workers’ compensation claim in Indiana grew rapidly in recent years, mainly driven by the high price of medical care, according to a new study, Benchmarks for Indiana, CompScope™ 13th Edition, by the Workers Compensation Research Institute (WCRI).

“The study will help policymakers and other stakeholders understand how the Indiana workers’ compensation system measures up with other states and will serve as an invaluable tool in making system improvements,” said Ramona Tanabe, WCRI’s Deputy Director and Counsel.

The study found that medical payments were the major factor behind rising workers’ compensation claim costs, which grew 7 percent per year from 2005 to 2010. In spite of these increases, overall costs per workers’ compensation claim were 12 percent lower in Indiana compared with the typical state in the 16-state study.

Among the study’s other findings:

  •     Indemnity benefits per claim—payments to replace lost wages— were 40 percent lower than the median of the states in the study, due to faster return to work and less frequent and less costly permanent partial disability/lump-sum settlement payments.
  •     Higher medical prices (consistent with states with no price regulation) drove higher medical payments per claim—15 percent higher— of the 16 study states.
  •     The percentage of workers receiving their first indemnity payment within 21 days of injury was slightly lower in Indiana at 41% than the median study state at 45%. A regulatory provision that extends the required payment period to 29 days may be a reason behind this finding.

The study benchmarks the performance of the workers’ compensation system in Indiana, as well as in 15 other states, focusing on income benefits, overall medical payments, costs, frequency of benefits, duration of disability, litigiousness, benefit delivery expenses, timeliness of payment, and other metrics.

For more information on this study or how to purchase it, click on the following link: http://www.wcrinet.org/result/bmcscope_multi13_IN_result.html.

ABOUT WCRI:
The Workers Compensation Research Institute (WCRI) is an independent, not-for-profit research organization based in Cambridge, MA. WCRI was founded in 1983 and is recognized as a leader in providing high-quality, objective information about public policy issues involving workers' compensation systems. WCRI's members include employers; insurers; governmental entities; managed care companies; health care providers; insurance regulators; state labor organizations; and state administrative agencies in the U.S., Canada, Australia, and New Zealand.

Read the full story at http://www.prweb.com/releases/2012/12/prweb10149604.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Mesothelioma Victims Center Now Urges Family Members Of A Victim Of Mesothelioma To Call Them For The Names Of The Best Mesothelioma Law Firms-Get The Best Compensation
2. Mesothelioma Victims Center Now Fears Most US Victims of Mesothelioma get Less Compensation than They Deserve So They Offer the Names of the Best Mesothelioma Law Firms
3. No Truth to Candidates Claim That Rape Hinders Pregnancy, Experts Say
4. E-Records Linked to Fewer Malpractice Claims
5. Preventing Oral Diseases Begins in Pregnancy Claims Author in New eBook
6. LawyersandSettlements.com Issues Report on Prostate Health Claim Lawsuits and Propecia Side Effect Litigation
7. Report using private health claims data shows prices are driving health spending growth
8. Doctors Detail High Costs of Fighting Malpractice Claims
9. Surprising findings from NHLBI Exome Sequencing Project reported
10. IU researchers report first effective treatment of tumors arising from common genetic disease NF1
11. Canadas health costs for seniors rising slowly: Points way to Medicare solvency
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... ... May 24, 2016 , ... Regenerative Medicine is being transformed ... stem cell therapy technology, protocols and patient results as have been achieved with ... a more accessible standard of care for patients worldwide. , As the Medical Advisory ...
(Date:5/24/2016)... ... May 24, 2016 , ... Backed by decades of ... each job, ensuring the best suited solution to meet regulatory requirements. Their professional ... their lab in Istanbul. , Metroloji Okulu specializes in MadgeTech’s line of medical ...
(Date:5/24/2016)... ... May 24, 2016 , ... American Gene Technologies International, ... to its board of directors. Otterstatter is co-founder, president and CEO of ... innovations that lead to broad-based healthcare solutions. , “Jon knows how to create ...
(Date:5/24/2016)... ... 2016 , ... WaterAid launched the #perioddrama campaign to mark Menstrual Hygiene Day on ... around the world who do not have access to a toilet, even when they’re on ... dread of #perioddrama. The (sometimes hilarious) results help shine a light on the awkwardness that ...
(Date:5/24/2016)... ... May 24, 2016 , ... Aloria Health ... To Begin In June , Aloria Health, specializing in a re-imagined, client-oriented approach ... Aloria Milwaukee, its first treatment facility for outpatient, day treatment and residential care. ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... 2016 Gamida Cell, a leader ... cancer and orphan genetic diseases, announced today it has ... from the Israel Innovation Authority (formerly the Office of ... and Industry. The mission of the Israel Innovation Authority ... including science and technology, while stimulating economic growth. ...
(Date:5/20/2016)... -- The Biotech arena remains under immense ... is not far from recovering. There are great companies ... four equities: Anacor Pharmaceuticals Inc. (NASDAQ: ANAC ... Pharmaceuticals Inc. (NASDAQ: ARLZ ), and Infinity ... for your free trading alerts on these biotech stocks ...
(Date:5/19/2016)... , May 19,2016 ... at Digestive Disease Week Meeting and 91 st ... Mauna Kea Technologies (Euronext: MKEA, OTCQX: ... endomicroscopy platform, today announced that its Cellvizio platform ... focused on gastroenterology during the month of May. ...
Breaking Medicine Technology: