States with no workers' comp fee schedules for professional services saw higher prices paid, ranging from 44%-179% above the median, when compared with states that had a fee schedule during 2020, according to the Workers Compensation Research Institute (WCRI).

Further, states with no fee schedule saw faster growth in prices paid, the institute reported. The median growth rate for prices paid in no-fee states was 37% from 2008 to 2020, compared with the 9% median growth seen in states with fee schedules.

In addition to differences between fee and no-fee locales, prices paid for similar services vary significantly across states. For example, prices paid in Florida are 29% below 2020's national median, while Wisconsin saw prices 167% higher than the 36-state median, WCRI reported.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Commercial Lines
Workers' Comp
Regulation/Legislation