Insight, analysis & opinion from Joe Paduda
More details from NCCI Chief Actuary Donna Glenn’s presentation yesterday… Claim costs are driven by employment, frequency (what percentage of workers gets hurt), the cost to provide medical care to those injured workers and the cost of paying their income … Continue reading Work comp loss drivers…NCCI’s 2021 findings
Read More...Two things are happening that provide yet more evidence of rapid evolution in workers’ comp. AFGroup grows Yesterday AFGroup announced it is acquiring work comp insurer AmeriTrust. Located down the road from AFGroup, AmeriTrust is also focused on work comp … Continue reading Moves and Implications
Read More...Watching our granddaughter this morning which precludes lengthy opining or research. MedRisk is expanding The leading physical management company in work comp added two well-respected and quite talented execs. Sri Sridharan will join MedRisk’s C-Suite as Chief Client Officer. I’ve … Continue reading Quick catch up
Read More...Yesterday NCCI and several state bureaus and research organizations put on an excellent webinar on COVID’s’ impact on Workers’Compensation. The analysis covered 2020 data from 45 states. The full report is available here. Quick takes In 2020 about 80,000 COVID … Continue reading COVID, Comp, Claims and Costs
Read More...It’s time once again to see how I did on my 2021 predictions for workers’ comp. Today we’ll dive into the first 5 and finish up with the last 5 tomorrow. Total premiums will stay low. As employment, payroll, and … Continue reading 2021 predictions – How’d I do?
Read More...27 payers were kind enough to participate in this year’s Annual Survey of Prescription Drug Management in Workers’ Compensation. I’m working thru the data now…here are a few highlights. (The Survey falls under CompPharma, a workers’ comp pharmacy consultancy; as … Continue reading Latest data on WC drug spend, opioids, generics and PBM ratings
Read More...The internet, smart phones, electric vehicles, 9/11, genome sequencing…a lot has changed since 1990. But in workers’ comp…not so much. About 30 years ago OUCH (now part of Coventry) started the national workers’ comp PPO business. Liberty Mutual execs (literally) … Continue reading Has anything changed?
Read More...I spend a lot of time in the weeds, digging into facility reimbursement details, evaluating COVID infection rate studies, identifying new work comp scams, figuring out if WC claims will increase, railing at insurers and TPAs that aren’t doing what … Continue reading What’s the state of work comp “managed care”?
Read More...Hospital in patient and outpatient, surgery, DME/home health, PT, pharmacy, imaging, lab… Which one is NOT like the others?? That’s easy – when it comes to impact on legacy/older claims, it’s all about pharmacy. The older a claim is, the … Continue reading One is not like the others.
Read More...The 2021 WCRI Annual Issues and Research confab kicked off today with several excellent presentations – not surprisingly there was a lot about COVID and its impact on employment, injuries, and claims. The conference continues tomorrow – register here if … Continue reading WCRI on COVID and non-COVID claims, treatment delays (not) and drivers thereof
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