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Congressional Dish is a twice-monthly podcast that aims to draw attention to where the American people truly have power: Congress. From the perspective of a fed up taxpayer with no allegiance to any political party, Jennifer Briney will fill you in on the must-know information about what our representatives do AFTER the elections and how their actions can and will affect our day to day lives. Hosted by @JenBriney. Links to information sources available at www.congressionaldish.com
Workers’ Compensation In 2030 - Chris Mandel
Manage episode 296324654 series 1034388
By Public Risk Mgmt Assoc. and Public Risk Management Association (PRIMA). Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Chris Mandel, Founder, President and Managing Consultant for Excellence in Risk Management, LLC, discusses how workers’ compensation will look in ten years, through the lens of Dr. Richard Victor’s recently published book, “Scenarios for the 2030s: Threats and Opportunities for Workers' Compensation Systems”. There are four main forces causing the change: demographic forces, such as age of workforce - baby boomers reaching retirement, case shifting, social security and disability situation and the changed environment of workers compensation and reform. He highlights Dr. Victor’s most significant conclusions and data: work compensation costs could triple without a material change in benefits, state based systems being out of balance, a challenge within regulatory and legislative reform, increasing in claim frequency, and lengthening of disability by 21% as well as an 8.5% increase in the average payment. Additionally, Chris elaborates on four aspects risk managers and practitioners can implement with this information, how to address loss prevention and building organizational resilience for systemic issues.
161 episodes
