Workers’ Compensation Income Benefits Fall Short for Injured Workers: WCRI

Adequacy of income benefits is one of the long-standing concerns about the performance of workers’ compensation systems. However, there is little known about whether income benefits (also known as indemnity benefits) provide adequate financial support for injured workers. According to a new study, the total

How Today’s Trends Affect Workers’ Compensation

Current economic and medical trends could have a huge impact on workers’ compensation insurance in the years to come. Some of the shifts may bring positive change, and some may create serious problems for the industry. Digitization – many industries have recently made tremendous progress in

Workers’ Comp Drug Spending Down 7.6% Nationwide In 2016.

A research survey shows that in 2016 employers spent 7.6% less in workers’ compensation drug costs compared to 2015. More control over drugs such as powerful opioids, better integration with pharmacy benefits managers (PBM) and prescriber interventions are among the reasons employers spent less. Many

Opt-Out Plans: The New Battle for Injured Workers

The current emerging debate in the world of workers’ compensation today is whether the states should allow employers to opt out of workers’ compensation and develop their own workplace injury plans. The workers’ compensation experts all join in this debate discussing the pros and cons

Florida Workers’ Compensation Reform Bill: A Victory For Injured Workers.

A Florida workers’ compensation reform bill that responds to the outcome of recent major workers’ compensation rulings in the state passed 7-1 Monday in the Florida Senate’s Committee on Banking and insurance. The bill amends Florida’s workers’ compensation law to codify an increase in temporary

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