Insight, analysis & opinion from Joe Paduda
Last week I posted on Raji Chadarevian and Sean Cooper’s excellent presentation at AIS. Here’s my what-this-means-for-you takeaways. Drug spend decline While NCCI’s reporting that dollars for drugs now account for 7 percent of annual isn’t too much of a … Continue reading NCCI’s take on medical cost drivers, part 2
Read More...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...Last week the first five predictions about what happens in workers’ comp this year went up…today’s the second five. 6. With one or two exceptions, don’t expect much in the way of private equity investments. There may be one or … Continue reading Predictions for workers comp in 2022, part 2
Read More...on WCRI’s 38th Annual Issues & Research Conference, March 16-17, 2022. Mid-March is a great time to be in Boston! Then again, pretty much anytime is. Register here. on NCCI’s latest update on claim frequency and severity – spoiler alert, … Continue reading Don’t miss out
Read More...Last week we pondered Mitchell’s future; as (perhaps) the largest WC entity outside the TPA space Mitchell/Genex/Coventry has an enviable position – albeit one that is by no means dominant. Today our attention turns to Paradigm, a company I’ve written … Continue reading Consolidation in work comp services – speculating on Paradigm’s future
Read More...Good to be back in the habit of regular posting…lots going on deserving of your attention. Drugs From myMatrixx, a very useful post from Phil Walls, everyone’s favorite pharmacist. Phil highlights three drugs in the pipeline that may well find … Continue reading Friday catch-up
Read More...Could COVID have a “very alarming potential outcome that could have a huge impact on workers’ comp” due to claims for neurological and psychiatric issues? That’s a concern raised by Mark Walls in tweet that was noted in a recent … Continue reading COVID’s impact on workers’ comp…focus on the facts
Read More...The short answer is – they have little incentive to do so. Here’s why. Workers’ comp insurance is mandatory in all states save Texas. Pretty much all employers have to carry workers’ comp coverage, so sellers of insurance and self-insurance … Continue reading Why don’t workers’ comp execs embrace change?
Read More...The good. David Colon and Raji Chadarevian of NCCI have produced an excellent summary of COVID’s impact on workers’ comp medical treatment. Colleagues Brittni Moore and Vicky Mayen have authored a companion piece that provides an early projection of 2020 … Continue reading COVID update – good news and bad.
Read More...Last week Ohio’s Bureau of Workers’ Compensation announced it will consider $1.5 billion in dividends to policyholders. This comes on the heels of a similar payout in April; $1.35 billion went to private employers and $184 million went to local … Continue reading BWC’s dividends and drug costs
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