Comp medical inflation outpaced economy over two years: report

Physician charges per procedure performed increased by 11% in workers compensation claims from 2020 through 2022, outpacing the Bureau of Labor and Statistics Consumer Price Index of 7% during that time, according to a pricing report released Wednesday by Enlyte LLC.

Enlyte showed a more modest increase of 2% from 2022 to 2023 for medical services. From 2023 to year-to-date, the costs remained flat or “negligible” in high-volume workers comp states of California, Florida, New York and Texas.

The report was based on Enlyte’s own observations of charges and trends from professional service medical bills.

This article was first published in Business Insurance.

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