New York Workers' Compensation Payments Grew Less Than Us Averagein 2003; Ny Spending for Medical Treatment Outpaced Growth Inpayrolls
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Summary
WASHINGTON, July 21 /U.S. Newswire/ -- In New York, total workers' compensation payments for injured workers' cash benefits and medical care rose by 2.5 percent to $3,220 million in 2003, according to a report released today by the National Academy of Social Insurance (NASI). Nationally, workers' compensation payments grew by 3.2 percent to $54.9 billion in 2003, the latest year for which national data are available.
Over the five years ending in 2003, New York spending for medical treatment grew faster than aggregate payrolls. Figure 1 shows the trend in workers' compensation spending per $100 of aggregate payroll for New York workers between 1999 and 2003. Payments for workers' compensation medical treatment rose from 24 cents to 27 cents per $100 of payroll, cash benefits ranged from 53 to 58 cents per $100 of payroll over the period.See the full content of this document
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New York Workers' Compensation Payments Grew Less Than Us Averagein 2003; Ny Spending for Medical Treatment Outpaced Growth Inpayrolls
For the nation as a whole, workers' compensation payments for medical treatment outpaced payments for cash benefits to injured workers. Between 1999 ...
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