The National Academy of Social Insurance (NASI) finds that workers’ compensations payments for medical care and cash benefits for U.S. workers injured on the job is increasing. In its 13th report providing comprehensive data on workers’ compensation cash and medical payments for the nation as well as each state, the District of Columbia and federal programs, NASI says that payments increased 4.4% to $57.6 billion in 2008.
According to the study, “Workers’ Compensation: Benefits, Coverage and Costs, 2008,” for the first time, medical benefits accounted for over half (50.4%) of all benefits paid. An 8.8% increase in payments for medical care drove medical spending to $29.1 billion in 2008 (the most recent year with complete data), while wage replacement benefits paid directly to injured workers rose by 0.3% to $28.6 billion.
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