Workers comp costs U.S. Beat above average
Total Hawaii’s Workers’ Compensation payments continue to be higher than in the rest of the country in 2003, when local spending grew more slowly than the national average, according to a report yesterday by the National Academy of Social Insurance.
State employer pays $ 1.57 per $ 100 of payroll for workers’ comp medical treatment of replacement costs of wages and disability costs. Hawaii employer paid more than seven cents per $ 100 for medical expenses than the average National and $ 34 more per hundred 100 for replacement wages and disability costs.
At the national level, the employer pays $ 1.16 per $ 100 of payroll for workers’ comp costs in 2003, the last year of available information.
Hawaii’s workers’ comp payments increased 2.6 percent to $ 274.9 million in 2003, 2002, while national workers’ comp payments increased 3.2 percent to 54.9 billion dollars.
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