A report from the Workers’ Compensation Insurance Rating Bureau of California that examines the state’s healthcare system shows the industry also accounted for the highest share of indemnity COVID-19 claims among all industries.
The WCIRB releases reports on industry sectors in California’s workers’ compensation system to provides insights into key characteristics and cost drivers in the industry.
The latest report gives a comprehensive overview of the healthcare industry in California.
- The healthcare industry is one of the largest in California, with over 48,000 workers’ compe policies, and has operations in five distinct healthcare segments that provide medical care. Those segments generate 6% of all California workers’ compensation insurance premiums.
- The advisory pure premium rates for the healthcare industry are about 20 percent below the statewide average.
- Hospitals experienced the largest reduction in payroll and the highest increase in indemnity claim frequency among all healthcare segments during the pandemic.
- The healthcare industry has the highest share – 41% – of indemnity COVID-19 claims among all industries, more than four times the statewide average.
The WCIRB will host a free webinar to discuss the WCIRB Industry Profile: Healthcare report. A previous report covers the state’s restaurant industry.
Related:
- Report: California Workers’ Comp Written Premium Down in 2021
- Workers’ Compensation Insurance Rating Bureau of California Profiles Restaurant Industry
- California Workers’ Comp Written Premium Down 13%, Report Shows
Topics California Workers' Compensation
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