Comp Costs Up Despite General Inflation Decline

While inflation in the general economy has slowed since 2022, workers' compensation payment growth is still higher than in 2020, experts with the Workers Compensation Research Institute said Tuesday. Changes in medical care utilization and mix of services continue to affect workers' comp pricing, and the recent trend of health care labor shortages, especially in nursing, is also contributing to higher costs, panelists said during a session at the 2024 WCRI Issues & Research Conference in Boston. Researchers continue to monitor medical fee schedule changes in various workers' ...