Slight Drop in Comp Benefits Paid in 2010

The National Academy of Social Insurance reported it resulted mainly from a 2.1 percent drop in medical benefits for injured workers.

The amount paid in 2010 for workers' compensation benefits declined by 0.7 percent to $57.5 billion, according to a "Workers' Compensation: Benefits, Coverage and Costs, 2010" report released Aug. 2 by the National Academy of Social Insurance. NASI said the decline resulted mainly from a 2.1 percent drop in medical benefits for injured workers.

Employers' costs for workers' compensation fell by 2.7 percent in 2010 to the lowest level as a share of covered wages in the past 30 years. "Employers' costs as a percent of payroll declined in 43 jurisdictions," said John F. Burton, Jr., who chairs the panel that oversees the report. "This decline is probably due to the slow pace of the recovery, with many jurisdictions still experiencing relatively high unemployment rates."

This was the first time NASI had released employers' costs by state.

The NASI news release said in the 1970s, medical benefits nationally accounted for 30 percent of total benefits, but in 2010 they accounted for almost 50 percent. The rising cost of health care accounts for this, according to the release.

Download Center

HTML - No Current Item Deck
  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • Steps to Conduct a JSA

    We've put together a comprehensive step-by-step guide to help you perform a job safety analysis (JSA), which includes a pre-built, JSA checklist and template, steps of a JSA, list of potential job hazards, and an overview of hazard control hierarchy.

  • Levels of a Risk Matrix

    Risk matrices come in many different shapes and sizes. Understanding the components of a risk matrix will allow you and your organization to manage risk effectively.

  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Industry Safe
TenCate FR Technology

OH&S Digital Edition

  • OHS Magazine Digital Edition - October 2020

    October 2020

    Featuring:

    • FACILITY SECURITY
      EHS Compliance: Make it Personal
    • FOOT PROTECTION
      Choosing the Right Safety Shoe for Your Industry
    • HAND PROTECTION
      A Requirements Checklists for Work Safety Gloves
    • COVID-19 MANAGEMENT
      Contemporary Issues in HSE Management
    View This Issue