Premiums Not Falling As Much as Benefits Have, NASI Report Finds

Benefits for injured workers nationwide have declined significantly in recent years, but employer costs have not fallen as much, according to a new report from the National Academy of Social Insurance. The report found that medical benefits, as a percentage of covered wages, fell on average by more than 19% from 2014 to 2018. Indemnity benefits dropped by 15.5%. Employer costs in that time frame, though, declined only by about 12%, as a share of covered wages. The report mirrors previous annual reports from NASI, showing a steady decline in benefit levels after several states adopted cost-sa...