New Research and 2020 Texas Injury Benefit Program Performance Report:
Study Further Validates Worker and Employer Success under Texas Injury Benefit Programs
“Opting out of workers’ compensation: Non-subscription in Texas and its effects” was published in February 2020 in the Journal of Risk and Uncertainty. This new study reflects consistent, positive results for injured workers and employers covered by Texas injury benefit programs. Every academic, government and other independent analysis of program data over the past quarter century tells the same story, over the past quarter century tells the same story, as seen in this new 2020 Texas Injury Benefit Program Performance Report, compiled by PartnerSource.
Key findings from the University of Illinois research for when companies switch from Texas workers’ compensation to Texas injury benefit programs:
1. No change in the number or types of injury claims reported,
2. Total medical payments immediately dropped by 40%,
3. Better able to avoid hospitalizations of injured workers,
4. Immediate reduction in work-loss of 80%,
5. Reduction in litigated claims of 35%, and
6. Total cost reduced 46%.
The study is 24 pages, but here’s a four-page summary. For more information, contact PartnerSource President Jennifer Hurless or Chairman Bill Minick.