Abstract
Nationwide, direct workers' compensation costs exceeded $60 billion in 1990, and the figure is expected to double by 1995. Indirect costs (e.g., for lost productivity) may add another 200 percent to the direct cost of job-related injuries and illnesses. Soaring health care costs and excessive attorney involvement account for part of the cost escalation. To gain control over workers' compensation costs, employers should consider alternative financing and cost-allocation arrangements. They should also take a “holistic” approach to cost management. By adopting aggressive loss prevention and cost-containment practices, employers can rein in spiraling workers' compensation expenses.
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