PRESS RELEASE: In California, Growth Rates of Workers’ Compensation Benefits Paid and Employer Costs Decline
WASHINGTON, D.C. – The growth rates of total workers’ compensation benefits paid and employer costs declined in California in recent years, according to a new report from the National Academy of Social Insurance (the Academy).
In 2015, workers’ compensation benefits paid in California were $12.1 billion. Between 2011 and 2015, total benefits paid increased 11.2 percent. However, that growth occurred primarily between 2011 and 2013; benefits increased 11.6 percent from 2011 to 2013, but declined 0.4 percent from 2013 to 2015. The decline in total benefits paid in recent years brings trends in California closer to those occurring in the rest of the nation.