Log in Subscribe

Report Workers’ Comp Benefits Declined As Insurer Profits Soared

By BOB HENNELLY
Posted 6/3/19

Over the last decade, Albany’s changes to the state Workers’ Compensation system have left disabled workers shortchanged but helped the insurance companies that underwrite the program realize huge profits, according to a white paper from the New School's Center for New York City Affairs.

“While legislative changes in 2007 and 2017 included some positive measures, for the most part changes significantly lessened the adequacy of worker benefits,” according to the report written by James Parrott and Nicholas Martin. “The unfortunate result is that the focus of workers’ compensation in New York has shifted from fairly compensating injured workers to minimizing employer costs.”

This item is available in full to subscribers.

Please log in to continue

Log in