Last week, the Workers’ Compensation Institute released a report that New York State’s workers’ compensation benefits are not directly connected to the state’s actual costs.

 

In 2007, New York reformed its workers’ compensation system in an effort to increase benefits while cutting costs.  But the study found that since 2007, benefits have risen from $400 to over $800 per week, while the state has gone from the tenth to the fifth highest premiums in the state.

 

So we’ve seen higher benefits, but without lower costs.  Clearly, we still have a lot of work to do to lower workers’ compensation costs for employers.