Insight, analysis & opinion from Joe Paduda
We’ve seen that work comp’s “profitability” isn’t very good, whether measured (inappropriately) as operating gain or (appropriately) as return on net worth/return on equity (ROE). Today we’ll dig deeper into the data; below is a chart provided courtesy of CWCI, … Continue reading Workers’ comp profitability, Part 3
Read More...at long last. Here’s a quick review of what happened this week. Health care costs Predictions for health care costs indicate a decrease in the rate of increase for those with private insurance, with PwC calling for a 6.5% increase … Continue reading Friday’s here…
Read More...What’s up? Implementing health reform Remember the big concern that employers would drop employee health insurance in response to ACA, and employees would lose coverage? Looks like that has not happened. The latest data indicates that the number of employees enrolled in employer … Continue reading Friday catch-up
Read More...It sure looks to be the front runner now. Banjo consolidates all social media feeds into a single platform in real time, then maps then on a geographic grid so users can see what is happening instantly anywhere. It’s an … Continue reading Will Banjo be the social media app that revolutionizes insurance?
Read More...One of the less significant ways tech will change workers’ comp is prostheses. Alluded to in the introductory post to this occasional series, there are myriad issues that will affect workers’ comp due to new “high mobility” prostheses (my term). … Continue reading Walking to work
Read More...During a conversation with an industry executive this morning I was reminded of the rather different perspectives, priorities, and incentives for adjusters and managers. Faced with a virtual pile of incoming mail, messages, bills, documents, and voice mail, adjusters are tasked … Continue reading Adjusters, management, and priorities
Read More...Research to date says no. Equian’s Glen Boyle shared some research with me that indicates there doesn’t seem to be any delays in claimants getting physician appointments. Glen was following up on my post on NCCI’s research report at last … Continue reading Is ACA affecting work comp medical waiting times?
Read More...NCCI, with the assistance of payer medical directors (shout out to Employers’ Dwight Robertson MD and David Deitz MD among others) presented on 4 research topic areas late Thursday afternoon. After a long day of great talks (this NCCI has … Continue reading NCCI’s PM sessions – hard core research geeks only
Read More...Florida’s legislature can’t decide if it does or doesn’t want federal money. That’s the policy question; it’s discussed in some detail below. A quicker explanation by way of metaphor was conveniently provided by a native Floridian; Austin Hatfield adopted a pet water … Continue reading Florida’s conundrum
Read More...CWCI’s just-released analysis of the Independent Medical Review program’s 2013-2014 results indicate it is working well – despite being flooded with requests from a relatively small group of docs. Let’s stipulate that the IMR process is not fool-proof. There’s no question … Continue reading California’s workers’ comp UR process is working.
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