Quarterly Economics Briefing

Quarterly Economics Briefing - Q3 2019

By NCCI Insights October 16, 2019

NCCI's Quarterly Economics Briefing (QEB) examines the current state of the economy and implications for workers compensation insurance. This report is presented in three sections: Economic Outlook, an all-new Medical Outlook, and Drilling Down.

The Economic Outlook and Its Impact on Workers Compensation - Q3 2019

Economic Outlook

The Economic Outlook presents current data and forecasts for economic variables especially relevant to workers compensation. This issue introduces a new, streamlined format for selected data on US gross domestic product and its components, employment and wages, and financial markets.

The Medical Outlook and Its Impact on Workers Compensation - Q3 2019

Medical Outlook

In the introductory issue of the Medical Outlook, we break down how workers compensation medical payments have changed from 2014 through 2018, with special attention to prescription drug payments and changed opioid utilization. The Medical Outlook will be published in the first and third quarters of each year.

How Do Recessions Affect Workers Compensation?

Drilling Down

Using data from the Great Recession and hypothetical future scenarios, this report shows how recessions affect workers compensation both by decreasing overall employment and payroll and by impacting injury frequency through changing workforce composition.

This article is provided solely as a reference tool to be used for informational purposes only. The information in this article shall not be construed or interpreted as providing legal or any other advice. Use of this article for any purpose other than as set forth herein is strictly prohibited.

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