New Report: Ohio Workers’ Compensation Costs Drop Sharply

According to a new report from the National Academy of Social Insurance: “In 2016, workers’ compensation benefits paid and employer costs as shares of covered payroll dropped dramatically in Ohio compared to the rest of the U.S. …

“In Ohio, workers’ compensation costs to employers as a share of covered payroll declined 13.8 percent in 2016. The decline in employer costs followed another large percentage decline in 2015. Altogether, workers’ compensation costs to Ohio employers fell 29.9 percent from 2014 to 2016, the largest two-year decrease in the country.”

Dr. Abe Al-Tarawneh, Chief of the Ohio Bureau of Workers’ Compensation (BWC) Division of Safety and Industrial Hygiene, was quoted in the report, saying: “Declines were primarily driven by continuous decreases in the frequency and severity of injuries coming into the system.”

Read more here. 10/11/2018