One industry insider has issued a word of warning to insurance professionals – workers’ compensation claims are going to double in the next 10 years. Why?
1. Technology is taking over
What happens when low-paying jobs are eliminated, Walker asked. People who occupied those positions file workers’ comp claims.
2. We’re going for broke
Municipal bankruptcies are becoming more common, argued Walker, and it’s pushing more people to claim.
3. Money-hungry medics
With doctors struggling to survive on what Obamacare and Medicare plans are paying them, Walker claimed healthcare professionals are not looking for excuses to perform surgery and make a little extra cash.
As such, they’re referring more patients to specialists and billing well above cost in the hope of settling with insurance companies for a little less.