The average cost of claims with more than seven days of lost time dropped in Tennessee following the workers’ comp reforms of 2013, and the state fell to second-lowest in an 18-state cost ranking, according to a new report from the Workers Compensation Research Institute.
For 2011 claims, Tennessee’s average cost per claim was $36,264 at 36 months of experience, placing the state in the middle of the pack of 18 states that WCRI studied. But for 2015 claims, average total cost per claim had fallen, to $32,120.
Only Michigan had a lower average cost for 2015 claims among the 18 stu...
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