Carmen Sharp writes: "Medical inflation is reshaping the workers’ compensation marketplace, driving up claim costs, and challenging traditional care models. As economic pressures mount and workforce demographics shift, independent insurance agents and their customers must navigate a more complex environment, one where increases in medical expenses require smart strategies and strong partnerships with carriers."

"According to the Workers’ Compensation Research Institute (WCRI), medical payments per claim increased by approximately 5% annually in most states from 2021 to 2024, largely due to rising costs for healthcare providers and facility services."

Read the full article in Insurance Journal here.

The WCRI study cited is the recently-released CompScope™ Medical Benchmarks, 2025 Edition.  You can find more information on this important publication—including individual state surveys and information on how to download a copy—elsewhere on our website.