Long-term Downward Trend Continues in Number of Workers’ Compensation Claims, Insurance Cost
The number of paid workers' compensation claims fell 54 percent relative to the number of full-time-equivalent (FTE) employees from 1996 to 2016, according to the 2016
Significant findings
* The number of paid claims fell from 8.8 per 100 FTE employees in 1996 to 4.0 in 2016.
* The cost of the workers' compensation system for 2016 amounted to
* Adjusting for average wage growth, both medical and indemnity benefits per insured claim rose rapidly between 1996 and 2003, but grew more slowly or stabilized after 2003.
* Despite higher benefits per claim since 1996, costs are down relative to payroll because of the falling claim rate. Compared to 1996, indemnity benefits per
* In 2016, on a current-payment basis, medical benefits accounted for an estimated 35 percent of total system cost, followed by insurer expenses at 31 percent and indemnity benefits other than vocational rehabilitation at 29 percent.
* The percentage of indemnity benefit claimants receiving vocational rehabilitation services rose from 15 percent in 1997 to 25 percent in 2016.
* The percentage of indemnity claims with a dispute of any type rose from 16 percent in 1996 to 21 percent in 2008 but has been stable since then.
This report, part of an annual series, presents data from 1996 through 2016 about
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