WCRI: Inflation Affected Medical Comp Spending in Few States

Workers’ compensation prices rose more quickly in states that update their fee schedules based on measures of price changes in the general economy rather than price changes in the medical sector, according to a study released Thursday by the Workers Compensation Research Institute. The report noted Alabama, Delaware, Illinois and Oregon as states that adjust workers’ comp medical fee schedules based on inflation in the general economy, which the report highlighted as 9% by June 2022. Other states, which generally use Medicare rates as the basis for fee schedules, saw smaller incr...