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Workers‚Äö?Ñ?¥ Comp Reaches Record Highs08-01-03 | News
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WASHINGTON?EUR??,,????'??+Across the country, the cost of workers?EUR??,,????'??? compensation insurance is on the rise, reaching the highest rates in nearly a decade. The governors of Florida, West Virginia and Washington have called special sessions of their legislatures this year to find ways to contain costs. Elsewhere, thousands of bills on workers?EUR??,,????'??? compensation have been introduced. The system covers 127 million workers nationally but is regulated state by state, with no federal oversight. Unlike Medicare and Medicaid, Congress has no role in the regulation of workers?EUR??,,????'??? compensation. Nationwide, the average cost of workers?EUR??,,????'??? compensation insurance has risen 50 percent in the last three years. The biggest rise in prices has been seen in California where the average cost of workers?EUR??,,????'??? compensation insurance has nearly doubled over the past three years. The Price of Workers?EUR??,,????'??? Compensation The rate an employer pays for workers?EUR??,,????'??? compensation is affected by numerous variables, and rates vary by state, based on population and exposure (physical terrain, natural elements). Below are examples of workers?EUR??,,????'??? compensation base rates for landscape contractors: State Monthly Rate per $100 of Payroll Alaska $9.97 Arizona $4.33 California $16.78 Delaware $6.16 Florida $16.19 Louisiana $9.16 Michigan $6.99 Montana $13.66 Ohio $16.22 Pennsylvania $6.06 Tennessee $5.87 Texas $9.16 Virginia $3.77
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