BCG October 31, 2024
Globally, rehabilitation and compensation schemes that care for victims of accidents and injuries are under mounting pressure as the costs of care continue to outpace broader economic growth. Medical cost inflation is running at over 6% per annum, partially due to health care sector wages increasing at 5%. At the same time, compensation costs are increasing as recovery periods extend due to both aging workforces and the growing incidence of psychological injuries, which now represent 24% of claims across Australia....
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