Employers have been buying workers' compensation insurance policies with ever higher deductibles as carriers continue to raise prices and fatten their profit margins, a new study has found.

The findings were released today by the Washington-based National Academy of Social Insurance.

According to the group's study, employer costs in 2004 rose by 7 percent to $87.4 billion while total workers' comp benefit payments for injured workers rose by 2.3 percent to $56 billion.

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