NCCI Reports Gloomy Outlook for Workers Compensation

Declining workers compensation revenues and increased medical costs were reported by NCCI Holdings, Inc. (NCCI). NCCI is the major national workers' compensation rating agency. The report highlighted that medical costs continued to soar even in a declining economic market.


While claims continued to decline medical costs continued to grow at a fast rate. In 2009 costs increased 5.0% while the medical CPI (Consumer Price Index) rose only 3.2%.


Medical costs and the efficient and delivery of medical benefits continue to be a major issue in the functioning of the workers' compensation system nationally. National Health Care reform may provide an opportunity to address this issue in a meaningful fashion through transfer of occupational disease medical costs to Medicare.


To read more about health care and workers' compensation click here.