Insight, analysis & opinion from Joe Paduda
If survey respondents’ estimates of claim count reductions are accurate, we’re looking at about 20% fewer work comp claims in 2020 than last year. So, what does that mean? That’s about 1.2 million fewer claims. We can expect a greater … Continue reading COVID is whacking work comp…Let’s play this out.
Read More...Four months into the COVID pandemic, early data show workers’ comp insurers are doing the right thing. Two data sources support this assertion – CWCI’s just-released analysis of 1,077 California claims and a dozen conversations I’ve had with insurers, large … Continue reading Hey legislators…don’t do stupid stuff
Read More...In less than 4 months, COVID19 has killed more of us than died in the Vietnam war’s 11 years. Some have stated this is a “great success story.” Healthcare providers may not see this as such a great success, as … Continue reading COVID catch-up
Read More...Ten days ago I wrote: Ignore anyone who says there will be this many infections and this many deaths – their “models” are based on data that is likely wildly inaccurate and [based on] assumptions that differ wildly. Not much … Continue reading COVID infections – what’s the real number?
Read More...Obsessing over stuff we don’t know and can’t control will make us nuts. Instead, focus on what you can do to protect yourself and your loved ones, and help others any and every way you can. Why you should ignore … Continue reading Don’t obsess.
Read More...Ignore anyone who says we’ll be back to normal by this date or that. The problem is straightforward – we don’t have enough data, far too many people are still doing stupid stuff, and there’s still way too much happy … Continue reading COVID19 – the latest data and the cost of ignoring reality
Read More...Your faithful reporter braincramped and left his laptop charger at home, so most of the session coverage will come next week after I translate my scribbling to pixels. for now, posting via smartphone Friday’s quick takes – Inpatient facility costs … Continue reading WCRI Day two quick takes
Read More...Until things calm down we’ll do an occasional post on the biggest health story out there – coronavirus. Thanks to Larry – here’s the latest numbers (as of 10 am EST 3-2-20) on cases, recoveries, and mortalities by nation. Source … Continue reading Coronavirus, Monday update
Read More...We know work comp medical costs are not increasing; the question is, how does this impact stakeholders? Employers are pretty happy; comp costs as a percentage of payroll are at or near an all-time low. Insurers are doing great; combined … Continue reading Work comp medical trend is flat – implications abound!
Read More...Just chill. Several readers have suggested I post on the coronavirus issue and how it relates to workers’ comp. My quick takeaway – it’s highly unlikely coronavirus will be contained – but the death rate (percentage of people who die … Continue reading Coronavirus Part One, the Bad News and the Good.
Read More...