James Lynch Chief Actuary Insurance Information Institute 110 William Street New York NY 10038 2123465533 jamesl iiiorg wwwiiiorg III Mission Statement ID: 714708
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Overview of US Workers Compensation System
James Lynch, Chief Actuary Insurance Information Institute 110 William Street New York, NY 10038 212.346.5533 jamesl@iii.org www.iii.orgSlide2
I.I.I. Mission Statement
Improving public understanding of insurance...…what it does and how it works
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1910: Before Workers CompensationSlide4
The Worker’s Plight
Source: Crystal Eastman, “Work Accidents and the Law.” (published 1910.)Slide5
The Grand Bargain
SOURCE: Insurance Information Institute research.(No. of States with Workers Compensation Laws)Slide6
The Role of the States
SOURCE: Insurance Information Institute.States with Monopolistic WC SystemsSlide7
Benefits Varies by State
SOURCE: ProPublica.org, https://projects.propublica.org/graphics/workers-compensation-benefits-by-limb Slide8
12/01/09 - 9pm
eSlide – P6466 – The Financial Crisis and the Future of the P/C8Does the System Work?SOURCE: U.S. Bureau of Labor Statistics, National Census of Fatal Occupational Injuries in 2015, released December 16, 2016, and previous reports. Number of Fatal InjuriesSlide9
12/01/09 - 9pm
eSlide – P6466 – The Financial Crisis and the Future of the P/C9Does the System Work?Source: U.S. Bureau of Labor Statistics, National Occupational Injuries and Illnesses Requiring Days Away from Work, 2015, Table 1, released November 10, 2016, and earlier releases.(Number of Work-Related Injuries and Illnesses)Slide10
Current Issues
The Opioid EpidemicSOURCE: National Institute on Drug Abuse.Overall Drug Abuse DeathsOpioid-Related Deaths¹Opioids less synthetic opioids ²Fentynyl and other non-methadone synthetic opioids Slide11
Current Issues
Medical MarijuanaSOURCE: National Journal.Congressional Cannabis CaucusRohrbacher (CA)Bluemenauer (OR)Young (AK)Polis (CO)
OH
WV
VA
PA
NY
ME
NC
SC
GA
TN
KY
IN
MI
WI
MN
IL
LA
TX
OK
ID
NV
OR
WA
CA
AZ
NM
CO
WY
MT
ND
SD
IA
UT
FL
AR
MO
MS
AL
NE
KS
AK
MD
MA
RI
CT
DC
DE
NJ
VT
NH
HI
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Fully legal
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Medical use legal and recreational use decriminalized
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Medical use legal
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Recreational use decriminalized
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Fully illegalSlide12
SummaryWorkers Compensation Has Worked in United States for More Than A Century.
Law Is Result of Grand Bargain Between Labor and Management.Every State Has Its Own Workers Compensation System.The System Evolves to Address Emerging Issues.Slide13
Thank You!Questions?