Share This Article:
“The remarkable turnaround of Ohio's workers' compensation system becomes very clear when we consider the fact that on average public and private employers are paying more than a third less for workers' compensation coverage than they were just three years ago,” said BWC Administrator Marsha Ryan. “Shrinking premium payments for employers in both sectors are a direct result of fewer workplace injuries, comprehensive reform to strengthen BWC finances and operations, and our commitment to keep premiums as low as possible, while providing quality care for Ohio's injured workers.”
PECs include Ohio's 3,800 cities, counties, townships, villages, schools, libraries and special taxing districts. Rates for individual PEC entities differ based on their individual claims history. While the total, overall premium collected could decrease by 5.5 percent from the current year, some employers may see an increase or no change, depending on their loss history.
In other actions today, the Board also approved a 5.7-percent increase in reimbursement to medical providers as part of its adoption of a new inpatient hospital fee schedule for 2011. This increase is intended to ensure continued, quality care for injured workers who require hospitalization as part of their treatment to recover from their injuries.
The Board also approved plans to issue a Request for Proposal (RFP) for a full-service investment consultant to assist BWC in decisions related to BWC's investment funds.
The next meeting of the BWC Board of Directors will be Friday, November 19, 2010 at 9:30 a.m. in Room 3, Level 2 of the William Green Building, located at 30 W. Spring St., Columbus.
Read Also
- Jul 03, 2024
- WorkersCompensation.com
- Jul 02, 2024
- WorkCompCollege
- Jul 02, 2024
- Horizon Casualty Services
About The Author
About The Author
- WorkersCompensation.com
More by This Author
- Jun 24, 2024
- WorkersCompensation.com
- May 11, 2023
- WorkersCompensation.com
- May 10, 2023
- WorkersCompensation.com
Read More
- Jul 03, 2024
- WorkersCompensation.com
- Jul 02, 2024
- WorkCompCollege
- Jul 02, 2024
- Horizon Casualty Services
- Jun 24, 2024
- WorkersCompensation.com
- Jun 23, 2024
- WorkersCompensation.com
- Jun 21, 2024
- WorkCompCollege