Title: Rate Regulation of Worker's Compensation Insurance:: How Price Controls Increase Costs
Publisher: AEI Press
Publication Date: 1998
Language: English
ISBN 10: 0844739332
ISBN 13: 9780844739335
Binding: Soft cover
Condition: New

About this title

Synopsis

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.

From the Back Cover

In the 1980s and the early 1990s, America's system of workers' compensation insurance was in trouble. As medical costs grew and benefits and compensable injuries expanded, costs of this insurance skyrocketed. In response, the states imposed price controls, but those controls caused unforeseen--and negative--consequences. The authors define the problems, trace the regulatory responses, and analyze the effects of rate regulation.

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