In today’s ever-changing environment, there is no shortage of questions on inflation and how medical costs may be impacted. In fact, workers compensation stakeholders indicate this is one of the top-of-mind issues they’re facing. NCCI tackles this important subject in our new Inflation and Workers Compensation Medical Costs series in four parts addressing the key components of medical cost drivers: general overall medical costs, facility services, physicians, and prescription drugs.
So, the question is: How is the current inflationary environment affecting workers compensation medical costs? In short, “it’s complicated.” In Part 1 of NCCI’s Inflation and Workers Compensation Medical Costs series we explore price and utilization trends in medical services, and how each contributes to workers compensation costs in the four US geographic regions.
full report, and stay tuned for the next installment of the Inflation and Workers Compensation Medical Costs series: Facility Services.
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