Just How Big Is The Georgia Workers' Compensation System?
I recently ran across an interesting article in the Atlanta Business Chronicle called NASI Study: Georgia Workers' Compensation Payments Up. Although the article, written in 2004 is somewhat dated, it paints a picture about the scope of Georgia's workers' compensation system.
In 2002, for example, workers' compensation payments were to be $1.08 billion. Interestingly, payments for medical care and cash payments were close: about $517 million was paid for medical care and about $566 million was paid in cash payments.
My observations are two-fold. First, workers' compensation payments in Georgia have dropped over the past 5 years, at least according to the State Board of Workers' Compensation Annual Report which was discussed by me in a previous post. Second, I cannot find a newer report by the group called the National Academy of Social Insurance (NASI). It would be interesting to see the trends for payments in the past few years according to this organization.
Comments
You have a great blog, now you do. Out here in Texas, our WC system is about as dried up as a Slim Jim.
Posted by: Joseph Jamail, Esq. | January 22, 2007 10:45 PM