NASI: Workers' Comp Benefits Continue to Drop

Workers’ comp benefits paid dropped to 80 cents per $100 of covered wages in 2017, down from 84 cents in 2016 and $1.17 two decades earlier, according to a new report from the National Academy of Social Insurance. At the same time, the number of covered employees and wages continued to rise, reaching 140 million workers in 2017 and $7.78 trillion in wages, according to NASI, which produces the workers’ comp report each year. And employer costs, which peaked in 2003 at $1.74 per $100 of covered wages, dropped to $1.25 in 2017. Employer costs include premiums and deductibles paid t...