Dept. of Pleasant Surprises: MA Workers' Comp Has Best Benefits, Near Lowest Costs of All 50 States
Check out this 11/6 posting on Workers Comp Insider for the surprising news from three recent national surveys of workers' compensation systems in all 50 states:
All three reports contain some rankings that appear predictable, but there are surprises and paradoxes, too. For example, notwithstanding changes to its law, most workers’ compensation professionals would expect California to be at or near the top of the cost rankings, and they’d be right. But who knew that my home state, Massachusetts, which so many of my conservative friends continue to call Taxachusetts, would rank way down at the bottom, either 43rd or 47th, depending on whose report you read? That’s a surprise, and here’s a paradox: Despite ranking as the least costly of the major industrial states in which to buy workers’ compensation, Massachusetts provides higher benefits than any other state except Nevada, which ranks in the middle of the pack in terms of cost.
We confess -- workers' comp is not an arena in which we consider ourselves knowledgable. But this information is too intriguing to ignore. Any insights from our gentle readers...? What makes our costs so low while our benefits are so good relative to everyone else?
Tip of the hat to David Williams at the always illuminating Health Business Blog for tipping us off to this info.