April 18, 2017 Related Topics: Annual State CompScope™ Benchmarks
This study can help policymakers and other system stakeholders interested in the Michigan workers’ compensation system identify current cost drivers and emerging trends for a wide variety of workers’ compensation cost measures, including the following:
It compares these metrics in Michigan with similar measures from 17 other states: Arkansas, California, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Minnesota, New Jersey, North Carolina, Pennsylvania, Texas, Virginia, and Wisconsin.
This study analyzes workers’ compensation claims with injury dates between 2010 and 2015 (evaluated as of March 31, 2016) for claims at various maturities. In some cases, a longer time frame is used to supply a historical context for key metrics.
CompScope™ Benchmarks for Michigan, 17th Edition. Evelina Radeva. April 2017. WC-17-09.
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