NASI: N.Y. Saw Biggest Cost Increases in 2016, Mich. Greatest Drop

New York, Wyoming and Iowa employers in 2016 saw the largest increase in workers’ compensation costs as a share of payroll, while Michigan and Ohio had some of the biggest declines, according to a report released Thursday by the National Academy of Social Insurance. Nationally, benefits and costs followed a five-year downward trend. The cost of benefits fell, from 86 cents per $100 of covered payroll, to 83 cents, the lowest level since 1980, according to the study by the nonprofit, nonpartisan academy, which studies workers’ comp, unemployment, Medicare, Social Security ...