Michigan Workers’ Compensation Agency releases its MiScorecard and it shows little change from last reporting period.
Governor Rick Snyder created Michigan Dashboard to provide a snapshot assessment of state government. We have been critical of this tool because of the metrics and the missing human component. The Agency has now released its MiScorecard for reporting period September 2017. Here are the currents statistics and supplemental data points.
Metric 1: Cost Per Claim
This metric shows 11.5% growth over a four-year period. This is down from 12% growth. The WCA gets a passing grade (green) because it is less than the target of 25% growth.
Workers Compensation Research Institute (WCRI) recently published its CompScope Benchmarks, 17th Edition. It showed that Michigan had the lowest total cost per claim (more than 7 days lost time) in the 18-state survey.
Metric 2: WC Cost of Premium Ranking
The Agency gets a fair score (yellow) because it is currently ranked 34 lowest out of 50 states for cost of premium. The target goal is getting Michigan into the top 10 cheapest states in the country.
The Department of Licensing and Regulatory Affairs (LARA) recently announced the pure premium advisory rate would drop by an average of 9.3% for 2018. It has now fallen 45% since 2011 and this is considered top five in the nation.
Metric 3: Workers’ Compensation Agency
The Agency gets a failing grade (red) because it has not hit 50% for electronic data compliance filings. This metric has increased from 26.5% to 29.2% so it gets a thumbs up.
Metric 4: Duration of Temporary Disability
The Agency receives a passing score (green) for reducing duration of temporary disability from 17 to 16 weeks. The target is to get it down to 15 weeks.
Michigan Workers Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled workers exclusively for more than 35 years. Call (844) 201-9497 for a free consultation today.