Benefits, Costs, and Cycles in Workers’ Compensation PDF Download
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Author: Philip S. Borba
Publisher: Springer Science & Business Media
ISBN: 9400921799
Category : Business & Economics
Languages : en
Pages : 197
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Book Description
Workers' compensation insurance presents a set of institutional charac teristics that are unique. For every other form of insurance, both the insurer and the coverage provided under the policy are completely controlled either by the federal or a state government, or by an arrangement between the insured and a property-casualty insurer. Unemployment insurance, Social Security, and bank-deposit insurance are examples for which a legis lative body sets the benefits. and a government agency prescribes the in surance premium. By contrast, the coverage and premiums for automobile, homeowners, and fire insurance are individual contractual arrangements between a policyholder and one of the more than 1800 U. S. property casualty insurance companies. Workers' compensation insurance, however, is a hybrid in which state legislatures stipulate the terms of coverage, while regulated competition is the major determinant of prices. State legislatures enact statutes that prescribe the replacement rate and duration of indemnity benefits, as well as full reimbursement of medical expenses. And although the manual rates for workers' compensation insurance continue to be administered by a prior approval process in most states, the competitive-market price for coverage is achieved through a variety of price-modification plans (Appel and Borba, 1988).
Author: Philip S. Borba
Publisher: Springer Science & Business Media
ISBN: 9400921799
Category : Business & Economics
Languages : en
Pages : 197
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Book Description
Workers' compensation insurance presents a set of institutional charac teristics that are unique. For every other form of insurance, both the insurer and the coverage provided under the policy are completely controlled either by the federal or a state government, or by an arrangement between the insured and a property-casualty insurer. Unemployment insurance, Social Security, and bank-deposit insurance are examples for which a legis lative body sets the benefits. and a government agency prescribes the in surance premium. By contrast, the coverage and premiums for automobile, homeowners, and fire insurance are individual contractual arrangements between a policyholder and one of the more than 1800 U. S. property casualty insurance companies. Workers' compensation insurance, however, is a hybrid in which state legislatures stipulate the terms of coverage, while regulated competition is the major determinant of prices. State legislatures enact statutes that prescribe the replacement rate and duration of indemnity benefits, as well as full reimbursement of medical expenses. And although the manual rates for workers' compensation insurance continue to be administered by a prior approval process in most states, the competitive-market price for coverage is achieved through a variety of price-modification plans (Appel and Borba, 1988).
Author: Terry Thomason
Publisher: W.E. Upjohn Institute
ISBN: 0880992182
Category : Business & Economics
Languages : en
Pages : 474
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Book Description
Traces trends in workers compensation since 1960, with particular reference to the State of Rhode Island. Addresses effects of deregulation and other changes in insurance pricing arrangements, assesses benefit adequacy vs. affordability, measuring employers' cost, etc.
Author: David Durbin
Publisher: Springer Science & Business Media
ISBN: 0585325308
Category : Business & Economics
Languages : en
Pages : 362
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Book Description
The articles in this volume were first presented at the Seventh and Eighth Conferences on Economic Issues in Workers' Compensation sponsored by the National Council on Compensation Insurance. A principal objective of the Conference series has been for workers' compensation insurance researchers to apply state-of-the-art research methodologies to policy questions of interest to the workers' compensation insurance community. This community is a rather diverse group--it includes employers, insurers, injured workers, regulators, and legislators, as well as those who service or represent these groups (e.g., physicians, rehabilitation specialists, labor unions). Despite this diversity and the variety of agendas, the Conference series continues to address many important policy questions. Readers familiar with the Conference series and the four previously published volumes should notice an evolution in terms of the topics addressed in this volume. In the earlier conferences, the topics were more often concerned with the underlying causes of the tremendous increase in workers' compensation benefit payments. In the present volume, h- ever, only four of the fourteen chapters directly concern workers' c- pensation insurance benefits, while the other ten concern the pricing of workers compensation insurance. This is not to suggest that workers' compensation cost increases have abated. In 1989, workers' compensation incurred losses exceeded $45 billion to continue the annual double-digit cost increases. Two explanations can be offered for the somewhat altered focus of this volume. First, despite the continued increase in prices, the financial results for the workers' compensation insurance line continue to be poor.
Author: Richard B. Victor
Publisher:
ISBN:
Category : Health insurance
Languages : en
Pages : 92
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Book Description
Author: David Appel
Publisher: Springer Science & Business Media
ISBN: 9401577897
Category : Business & Economics
Languages : en
Pages : 145
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Book Description
Author: Alan B. Krueger
Publisher:
ISBN:
Category : Employers' liability insurance
Languages : en
Pages : 36
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Book Description
Author:
Publisher:
ISBN:
Category : Employers' liability
Languages : en
Pages : 262
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Book Description
Author: Elaine Weiss
Publisher:
ISBN: 9781732888319
Category :
Languages : en
Pages :
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Book Description
The National Academy of Social Insurance (the Academy) is a non-profit, non-partisan organization made up of the nation's leading experts on social insurance. Social insurance encompasses broad-based systems that help workers pool risks to avoid loss of income due to retirement, death, disability, or unemployment, and to ensure access to health care. The mission of the Academy is to advance solutions to challenges facing the nation by increasing public understanding of how social insurance contributes to economic security. The Academy convenes steering committees and study panels that are charged with conducting research, issuing findings, and, in some cases, making recommendations based on their analyses. Members of these groups are selected for their recognized expertise in a particular area of social insurance, and with due consideration for the balance of disciplines and perspectives appropriate to the project.This research report presents data on trends in workers' compensation benefits, costs, and coverage as of 2017. The report was prepared with the guidance of the Study Panel on Workers' Compensation Data and, in accordance with procedures of the Academy, has been reviewed for completeness, accuracy, clarity, and objectivity by a committee selected by the Board of Directors. The purpose of the report is to present the data and describe trends over time, but not to make policy recommendations.
Author: Elaine Weiss
Publisher:
ISBN: 9781732888333
Category :
Languages : en
Pages :
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Book Description
The 23rd annual report produced by the Academy on Workers' Compensation: Benefits, Costs, and Coverage (2018 Data) provides the only comprehensive data on workers' compensation benefits, coverage, and employer costs for the nation, the states, the District of Columbia, and federal programs. Drawing on a unique combination of data from state workers' compensation agencies, A.M. Best, and the National Council on Compensation Insurance, the report is guided by a Study Panel of experts with diverse research, policy, and practice experience. While trends in this five-year study period (2014-2018) largely continue those presented in the past few reports, expanded discussions about who pays for workers' compensation, which similar programs might belong in future analyses, and other social insurance and safety-net programs that complement workers' compensation protections, offer new insights and timely information in the context of the current COVID-19 pandemic.
Author: Alliance of American Insurers
Publisher:
ISBN:
Category : Workers' compensation
Languages : en
Pages : 68
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Book Description
