State Systems Charged A Premium For Comp Medical

The findings were made by the National Council on Compensation Insurance, which also reported that compared to other medical services, radiology and surgery had the highest markups over employer group

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

State workers’ compensation systems with fee schedules pay higher medical costs than employer-sponsored group health plans, and comp systems without a schedule pay even more, a study has found.

The findings were made by the National Council on Compensation Insurance, which also reported that compared to other medical services, radiology and surgery had the highest markups over employer group health.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

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.

Already have an account? Sign In Now

Recommended Stories

Insuring semi-autonomous vehicles

Joe Dysart | June 28, 2022

Insurers will have to reexamine how to handle claims where they must determine who is at fault — the car or the driver.

Adapting to changing policyholder behaviors & expectations

Kenneth Saldanha | June 28, 2022

There is a need to evolve data analytics alongside changing customer behaviors and expectations.

Report: Insurance dealmaking slows in first half of 2022

Brittney Meredith-Miller | June 28, 2022

Of the 343 announced deals in the first half of 2022, 91% were brokerage target companies.

Resource Center

Is selling more insurance enough to grow your business? Watch this video and learn how you can bring organization, analytics, automation and transparency to your service department in order to maximize efficiency and create a more profitable agency in 2022 and beyond.

White Paper

Sponsored by Vertafore

5 Reasons High-Performing Agencies Use a Service Enablement Tool

Is selling more insurance enough to grow your business? Watch this video and learn how you can bring organization, analytics, automation and transparency to your service department in order to maximize efficiency and create a more profitable agency in 2022 and beyond.

Browse More Resources ›

Download this infographic to learn how a modern insurance core platform can help you grow your business by accelerating product development, reducing maintenance costs and improving customer experiences.

Infographic

Sponsored by Socotra

Infographic: New vs Legacy Systems

Download this infographic to learn how a modern insurance core platform can help you grow your business by accelerating product development, reducing maintenance costs and improving customer experiences.

Browse More Resources ›

A global survey correlates higher data and analytics maturity with improved business performance and resilience. Download the research paper to learn eight key data and analytics trends in the insurance industry and how to improve your results.

Research Report

Sponsored by WNS

Achieving Next-Level Growth in Insurance with Data & Analytics

A global survey correlates higher data and analytics maturity with improved business performance and resilience. Download the research paper to learn eight key data and analytics trends in the insurance industry and how to improve your results.

Browse More Resources ›

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2022 ALM Global, LLC. All Rights Reserved.