The medical share of total workers’ compensation benefit costs in New York dropped to 37% in 2015 and 2016, according to a new report — significantly lower than the national average of 51.4%.
The New York Compensation Insurance Rating Board on Wednesday issued its first-ever medical study and found that medical spend as a percentage of total benefits has dropped from 42% in 2007, to 37% last year and the year before.
The report offers only detailed transaction data to identify how medical dollars are distributed among various categories and offers no analysis of why medical ...
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