Medical costs across the country now account for nearly 60% of workers compensation losses, up from 40% during the early 1980s, NCCI Holdings Inc. found in an analysis released Wednesday.
Slightly more than half of the increased medical share of losses resulted from medical and wage inflation, Boca Raton, Fla.-based NCCI said. The balance is related to differences in medical and indemnity utilization.
While there are state-to-state differences in medical costs, similar patterns exist across all states, NCCI found.
NCCI’s analysis is available at www.ncci.com/nccimain/pages/default.aspx