A business group that focuses on workers' compensation and unemployment released its

Washington, D.C. – UWC's National Foundation for Unemployment Compensation and Workers' Compensation announced today the release of the Foundation's annual bulletin ranking states by workers' compensation cost, entitled Fiscal Data for State Workers' Compensation Systems, 1993 – 2003. Noting that "employers and public policymakers need comparative statistics on state workers' compensation costs," Eric Oxfeld, President of UWC and its National Foundation, explained that the bulletin makes it easy to see state cost trends at a glance.

The Fiscal Data Bulletin for State Workers' Compensation Systems provides the latest information available and is routinely used by employers and government officials to assess costs. The bulletin ranks states using the "benefit cost rate" (total benefits per $100 of payroll). Its 37 tables include information on total benefits paid; a breakdown between cash benefits and payments for medical care; and the market share for insurance, self-insurance, and state insurance funds. Figures are provided for 2002 and each year back to 1993.