Workers Compensation Expecting Cuts in Benefits
Workers who become permanently disabled because of a workplace injury may see sharp benefit reductions next year.
Friday, December 17, 2004
A major segment of this year’s workers compensation reform act will go into effect early next year when new regulations for permanent disability are issued. Attorney David Schwartz, who represents injured workers, says the benefit cuts could be huge. CUT: DavidSchwartz07 :07 But according to insurance industry spokeswoman Nicole Mahrt (mart), cost savings for businesses can only come if permanent disability determinations are made objective. CUT: Mahrt09 :09 Mahrt says one good result of the reform law is that competition among insurers has already started to drive down workers comp premiums. SOC