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NCCI Addresses Workers’ Compensation Prescription Drugs Costs

Increased Utilization of Predominantly Expensive Drugs Fuel Cost Rise An August 2011 research brief by the National Council on Compensation Insurance, Inc. (NCCI) analyzed the trend of prescription drugs constituting a disproportionately high percentage of workers' compensation expenses. The...

Manage Your Workers’ Compensation Program by Advisen and Amaxx Risk Solutions

Book Shows Employers How to Cut Comp Costs by 20% - 50% NEW YORK.—Sept 26, 2011 – Advisen and Amaxx have combined to produce a $159 guidebook to help brokers, consultants, safety & loss control professionals, claims managers and buyers of insurance reduce Workers Compensation costs...

Size Matters: NCCI Attributes Medical Costs Trends to Claim Categories

Many studies have analyzed why the medical componen t of workers' compensation costs have risen rapidly the past several years despite the recession. Explanations for the higher costs have ranged from increased workers' compensation prescription drug costs to the decline in the Dow Jones Industrial...

Cost Containment Leads Employers’ Workers’ Comp Concerns for 2012

Cost containment is by far the number one workers' compensation insurance concern of employers for the next 12 months, a new study shows. Fifty-nine percent of employers say they are very or somewhat concerned about cost containment in 2012. Employers are also concerned about increasing exposures...