Study: Comp Benefits Fall Over Five-Year Period

Standardized benefits paid to injured workers from 2015 to 2019 have continued to drop, in line with a 10-year trend, according to a study released Thursday by the National Academy of Social Insurance. In studying data on coverage of the U.S. labor force, the cost of coverage and benefits paid to workers at both the national level and across states, researchers found that standardized cash and medical benefits — described as the total benefits per $100 of covered wages — fell by 14% and 16.7%, respectively, combining for a 15.4% decline in total standardized benefits between ...