Rate Regulation of Worker's Compensation Insurance:: How Price Controls Increase Costs

By Patricia M. Danzon, Patricia M. Danson, Scott E. Harrington

This sharp, data-driven study reveals how workers' compensation rate regulation, meant to control costs, can backfire, subsidizing high-risk firms at the expense of low-risk ones and fueling the very medical cost growth it aims to prevent, with Patricia Danzon and Scott Harrington offering essential insight for policymakers and insurers navigating residual markets and labor policy.

The authors demonstrate how regulation intended to control costs can exacerbate cost growth by subsidizing high-risk activities and firms at the expense of low-risk activities and firms.

• Format: Paperback
• Language: English
• ISBN: 0844739332
• ISBN13: 9780844739335
• Release Date: January 1998
• Publisher: AEI Press
• Length: 170 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.6" x 5.3" x 8.5"