Workers' compensation systems could see a 20% reduction in new claims this year because of the coronavirus pandemic, according to a study released Monday by Skaneateles, New York-based Health Strategy Associates LLC.
In late May, the consultant asked for 35 workers' compensation for workers representing large state funds and insurance companies, third-party administrators, and large self-insured and self-managed employers about their expectations of labor compensation costs amid the pandemic.
"Although respondents are somewhat concerned about presumption laws, the major impact has not come from COVID-19 claims and their costs," said Joe Paduda, rector of Health Strategy Associates.
Respondent service providers said that new employees compensated claims fell by as much as 50%, with occupational medical clinics, transportation companies, imaging, physiotherapy, field case management and independent medical providers taking the biggest hit, according to the survey.
The study also found that payers expect grant reductions driven by company closures and pay cuts and also expect to see increased disability for non-COVID-1
The survey participants also noted that the pandemic has led to explosive growth in telemedicine and that they believe the use of telehealth and telephone case management will have a positive impact on workers' comp industry.
More insurance and labor news about the coronavirus crisis here .