Last week, the NY Times ran a series of articles on Workers Compensation. But, as usual, the Times only published some of the news that's fit to print.
The picture of fraud and abuse they paint is grim, but what the Times overlooks is the other victim: The employer. The employer always loses. Whenever there's a claim, the employer gets stuck with inflated reserves the insurance company sets aside to cover the costs of the case.
And claims are only a small part of the problem. As much as 40% to 60% of employers get overcharged on their premiums. The overcharges often come to tens of thousands of dollars. Sometimes much more.
Here is a response to the Times: Workers Compensation Expert Says NY Times Articles Neglect the Other Victim--Employers Who Get Overcharged