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2023 Medical Price Index – Free Publication – WCRI


2023 Medical Price Index –  WCRI – Annual Free Thorough Comparison Study

If you go to WCRI’s (Workers Compensation Research Institute) main page, you should see a popup for its 2023 Medical Price Index (15th edition.)  If your browser blocks popups, turning off the blocker will help find the link.  (WCRI main page link)

The study and report cover 190 pages of info. If you are an underwriter; an adjuster setting reserves, an actuary; or anyone that deals with medical costs/reserving, this is a recommended freebie. All they ask is that you fill out an info request. WCRI will not spam you.

As we all may know, Workers Comp is unto itself in each state.  The multistate comparisons such as the one below are invaluable when making decisions on workers comp beyond just one jurisdiction or if one wishes to see how their state compares to others for Workers Comp benefits.  The chart below shows that medical fee schedules usually cut workers’ comp costs.

The WCRI analysis report analyzes each of the states individually, then benchmarks them against other states.

2023 Medical Price Index Chart WCRI workers comp
(c) WCRI – Cambridge, MA

According to WCRI – (2023 Medical Price Index)

This 15th edition covers 36 states that represent 87 percent of the workers’ compensation benefits paid in the United States. These 36 study states are Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and

Employers Can Use This Index

Employers that are thinking about expanding into other states would find the 2023 Medical Prince Index invaluable.  J&L is often contacted after an employer expands into or buys a company in another state which generates higher than expected workers comp costs.  Workers Comp medical payments have been responsible for more than 60% of reserves for many years.



James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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