Amount of people receiving workers’ comp dropped by 4.4% in 2009
A report from the National Academy of Social Insurance says that the amount of people in the United States covered by workers’ compensation decreased by 4.4 percent during the economic recession. In 2009, the number of people receiving workers’ compensation insurance decreased to 124.9 million.
The report, “Workers’ Compensation: Benefits, Coverage, and Costs, 2009,” says the recession caused the greatest decline in workers’ compensation benefits in 20 years. However, benefits paid increased slightly from 2008 to 2009 with a .4 percent increase to $58.1 billion.
In addition, total employers’ workers’ compensation costs decreased to $73.9 billion. The 7.6 percent decrease was the largest drop in workers’ compensation costs paid by employers in the U.S. since 1987.
To learn more about receiving workers’ compensation insurance, contact the Raleigh workers’ compensation lawyers of Scudder & Hedrick PLLC at 919-851-3311 today.