Workers Compensation Insurance Rate Regulation Study

Download or read book Rate Regulation of Workers' Compensation Insurance written by Patricia Munch Danzon and published by American Enterprise Institute. This book was released on 1998 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.