Workers’ Compensation: Benefits, Coverage, and Costs, 2012

Source: Ishita Sengupta, Marjorie Baldwin, and Virginia Reno, National Academy of Social Insurance (NASI) August 2014

Workers’ Compensation: Benefits, Coverage, and Costs, 2012 is the seventeenth in a series begun by the National Academy of Social Insurance to provide the only comprehensive national data on this largely state-run program. The study provides estimates of workers’ compensation payments—cash and medical—for all 50 states, the District of Columbia, and federal programs providing workers’ compensation. Workers’ compensation benefits rose by 1.3 percent to $61.9 billion in 2012, while employer costs rose by 6.9 percent to $83.2 billion, according to a report (PDF) released today by the National Academy of Social Insurance (the Academy). … Despite the uptick in total benefits and costs in 2012, workers’ compensation benefits and costs per $100 of covered payroll have been lower in 2007 to 2012 than at any time over the last three decades. In 2012, benefits were $0.98 per $100 of covered payroll while employer costs were $1.32 per $100 of covered payroll.
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