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From:
Nashville
Business Journal
May 22, 2008
Tennessee Workers' Compensation Reforms Appear to Be Working,
Study Finds
Workers' compensation reforms enacted in Tennessee in 2004 appear to
be working according to a study by the Workers Compensation Research
Institute.
The
not-for-profit, nonpartisan institute reports workers' compensation
costs per claim in Tennessee grew just 2 percent in the early
post-reform period after faster growth of 10 percent before the
legislative changes.
Since 2004, Tennessee's median permanent partial disability/lump-sum
payment per claim decreased 19 percent compared to a 9 percent in
the period immediately before the legislative changes, the study
found.
The
study also found the median lump-sum payment per claim with a
lump-sum settlement in Tennessee fell 15 percent in the early
post-reform period, compared to 8 percent growth in the pre-reform
year.
The
Workers Compensation Research Institute conducts public policy
research on workers' compensation, health care and disability
issues. Its members include employers, insurers, insurance
regulators and state administrative agencies. |
