Rate Regulation Of Workers Compensation Insurance
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Rate Regulation of Workers' Compensation Insurance
Author | : Patricia Munch Danzon |
Publisher | : American Enterprise Institute |
Total Pages | : 196 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780844739335 |
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In the 1980s and the early 1990s, America's system of workers' compensation insurance was in trouble. As medical costs grew and benefits and compensable injuries expanded, costs of this insurance skyrocketed. In response, the states imposed price controls, but those controls caused unforeseen--and negative--consequences. The authors define the problems, trace the regulatory responses, and analyze the effects of rate regulation.
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