April 18, 2017 Related Topics: Annual State CompScope™ Benchmarks
This study can help policymakers and other stakeholders interested in the Louisiana workers’ compensation system identify current cost drivers and emerging trends in a wide variety of workers’ compensation cost components.
It compares Louisiana’s performance with 17 other states (Arkansas, California, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, New Jersey, North Carolina, Pennsylvania, Texas, Virginia, and Wisconsin), focusing on income benefits, overall medical payments, costs, use of benefits, duration of disability, litigiousness, benefit delivery expenses, timeliness of payment, permanent partial disability, temporary total disability, and other metrics.
The study also examined how these system performance metrics have changed, mainly from 2010 to 2015, for claims at various claim maturities. Claims with experience through 2016 for injuries up to and including 2015 were analyzed. In some cases, a longer time frame was used to supply a historical context for key metrics.
CompScope™ Benchmarks for Louisiana, 17th Edition. Carol A. Telles. April 2017. WC-17-07.
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