Workers’ Comp Medical Professional Price Inflation
The Medical Price Index for Workers’ Compensation (MPI-WC) measures price inflation for medical professional services commonly delivered to injured workers and billed by physicians, physical therapists, and chiropractors. Produced by the Workers Compensation Research Institute, the MPI-WC is developed similarly to the way the U.S. Department of Labor develops the Consumer Price Index for medical care (CPI-M), which tracks the price inflation of all medical services provided to the U.S. population, but has little relevance for tracking the price of care for injured workers.
Musculoskeletal Injuries Drive Medicare Set Asides
Work-related musculoskeletal disorders account for one third of U.S. occupational injuries resulting in lost time from work, according to data published in 2013 by the Centers for Disease Control and Prevention. The graph above, produced by NCCI Holdings Inc. and based on data compiled Gould and Lamb L.L.C. and NCCI, shows that musculoskeletal impairments account for more than half of Medicare set asides reviewed by the Centers for Medicare & Medicaid Services.