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Indemnity and Medical Benefits Both Increased After 2007 Reforms

Wednesday, November 1, 2017 | 500 | 0 | 0 min read

Both indemnity benefit and medical costs increased in New York following 2006 reforms, while medical cost containment expenses ticked up as well, according to the latest monitoring report by the Workers Compensation Research Institute.  The WCRI has been monitoring system costs in New York since just after the reforms were passed. Its 10th annual report tracks system expenses from 2005 to 2015. Major findings: Indemnity benefits per claim increased from 7%, to 11%, per year from 2007 to 2015. Medical payments per claim grew at a rate of 3%, to 6%, from 2007 to 2014 for all provi...

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