Reducing medical costs can be one of the most effective ways tocontrol the high price of Workers' Compensation programs, according to Marsh. Medical servicesnow contribute to more than 60% of Workers' Comp claims, in partdue to two cost drivers: physician dispensing and compoundeddrugs.
Below, a summary of findings from Marsh, the California Workers'Compensation Institute and insurer WC Accident Fund Holdings. Clickimage to enlarge.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
