Operating in a State of Disrepair

Topics:
Insurance
Tags:
Benefits,
California,
Human Resources,
Payroll Solutions,
Treasury & Risk Management,
Workers Compensation
Source:
Treasury & Risk Management

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Overview: This paper details California's broken workers comp system is making companies consider pulling up stakes. In California, thousands of employers are wrestling with a system that has forced their total costs for workers comp up from $9 billion in 1995 to more than $30 billion today. The average cost of medical treatment for a worker injured on the job in California in 2002 was $35,201, 130% above the U.S. average of $15,320. Meanwhile, employers in the state are facing premiums that are rising twice as fast as those around the country.

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Format: HTML | Date: Oct 2003 | Pages: 4

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