Article ID: 6d1a7d2dcc0e597cd6aa6f0379f5830279c04396ceb3d5d7f7dccc14e353f297
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URL: https://www.businessinsurance.com/inflation-drives-faster-growth-in-comp-medical-prices-study/
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Inflation drives faster growth in comp medical prices: study - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Inflation drives faster growth in comp medical prices: study Workers Comp Coverage May 28, 2026 Prices paid for workers compensation medical professional services rose faster in most states from 2021 to 2024, largely reflecting higher inflation in the general economy, according to a report released Thursday by the Workers Compensation Research Institute. The Waltham, Massachusetts-based institute said price growth slowed in many states in 2025, according to the report comparing prices paid for nonhospital professional services across 36 states. The study covers services billed by physicians, physical therapists and chiropractors, including evaluation and management, physical medicine, surgery, radiology, neurological testing, pain management injections and emergency care. Prices varied widely across states in 2025, ranging from 28% below the 36-state median in Massachusetts to 174% above the median in Wisconsin, WCRI said. Prices in states without fee schedules were 41% to 188% higher than the typical price in states with fee schedules. From 2008 to 2025, prices increased 43% in states without fee schedules, compared with 19% in states with fee schedules, according to the report. WCRI said the findings indicate that fee schedules remain an effective tool for price containment. The report also highlighted Florida, where workers compensation prices for professional services rose 41% in 2025 after a January fee schedule increase. Prices for most service categories in the state increased sharply, ranging from 26% for pain management injections to 67% for office visits, moving Florida from the lowest-priced state in 2024 to closer to the median in 2025. The 36 states studied account for 88% of workers compensation benefits paid nationwide. Related News Low double-digit rate hikes at June reinsurance renewals: Guy Carpenter May 28, 2026 Alliant names former Brown & Brown execs as EVPs in M&A May 28, 2026 Patagonia hits slippery trail on lawsuit May 28, 2026 The Hartford names head of ocean marine US May 28, 2026 Calif. appeals court rejects bid to seal records in comp fraud case May 28, 2026 Jack in the Box operator loses pay transparency coverage ruling May 28, 2026 Insurtech hires former Marsh unit director May 28, 2026 Korean insurers raided in bid-rigging probe May 28, 2026 GIC Re’s profit climbs on investment gains May 28, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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