May 25, 2018

WorkCompRecap: Admin & Audit!

Today’s edition of WorkCompRecap features some news from the Worker’s Compensation set-aside arena, as the American Insurance Association has recently voiced their support for a new piece of bipartisan legislation, “The Medicare Secondary Payer and Workers’ Compensation Settlement Agreement Act of 2012… [Continue Reading]

AIA Supports Legislation to Improve Administration of Workers’ Comp Set-Asides

American Insurance Association

Washington, D.C. – The American Insurance Association (AIA) recently applauded the introduction of bipartisan legislation, “The Medicare Secondary Payer and Workers’ Compensation Settlement Agreement Act of 2012,” by Rep. Dave Reichert (R-WA) and Rep. Mike Thompson (D-CA). The bill aims to resolve… [Continue Reading]

IL Auditor General Releases Report on State Employee Workers’ Comp Program

Illinois State Seal

Springfield, IL – The Illinois Auditor General’s Office has recently released their audit of the Workers’ Compensation Program as it applies to State employees, identifying what the auditor referred to as “numerous shortcomings in both the structure and operations” of the workers’ compensation program… [Continue Reading]

Ohio BWC: MCO Open Enrollment for Ohio Employers Begins April 30

Ohio BWC

Columbus, OH – Ohio employers will soon have an opportunity to select a new managed care organization (MCO) to manage health-care services for workers injured on the job. The Ohio Bureau of Workers’ Compensation (BWC) offers an open enrollment period every two years to allow employers to evaluate the services of… [Continue Reading]

Coventry Health Care Reports First Quarter Earnings

Coventry Health Care

Bethesda, MD -(BUSINESS WIRE)- Coventry Health Care, Inc. (NYSE: CVH) today reported consolidated operating results for the quarter ended March 31, 2012. Operating revenues totaled $3.7 billion for the quarter with net earnings of $170.7 million, or earnings per diluted share (EPS) of $1.20. These results include… [Continue Reading]

WorkCompRecap: Bumps & Battles!

Today’s issue of WorkCompRecap features a new report from Conning Research & Consulting on what the Workers’ Compensation industry will face as our economy emerges from recession. The new report, Workers’ Compensation: A Bumpy Road from Recession to Recovery, analyzes performance drivers, state differences, industry… [Continue Reading]

CompLines: 4/27/12

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Express Scripts judge won’t derail Medco merger Business Insurance Work comp drug trends reports – tis the season Managed Care Matters New Formulations of Common Workers’ Compensation Drugs Editor’s Note: These links lead to outside news… [Continue Reading]

Conning Research: Workers’ Compensation Faces More Challenges Following Recession

Conning Research

Hartford, CT -(PRNewswire)- As the economy recovers, workers’ compensation may see different directional trends, leading to a complex mixture of improvement and further deterioration, according to a new study by Conning Research & Consulting. “The workers’ compensation line of insurance saw its last year of underwriting profit in 2006… [Continue Reading]

KY Governor Signs Bill to Battle Prescription Drug Abuse, Pill Mills

Kentucky State Seal

Frankfort, KY – Calling it “a critical bill for the health and safety of Kentuckians,” Governor Steve Beshear recently signed House Bill 1 – robust legislation designed to reduce the destructive impact of prescription drug abuse on Kentucky families. “This bill is a huge accomplishment that will save Kentuckians’ lives as we battle the scourge of prescription drug abuse… [Continue Reading]

AMA Supports IAIABC Model Rule to Streamline Medical Billing for Workers’ Comp

American Medical Association

Chicago, IL – As part of its ongoing effort to save the health system billions of dollars by improving the efficiency of medical claims processing, the American Medical Association (AMA) recently announced its support for a model state regulation intended to encourage electronic processing of medical claims in the workers’ compensation system… [Continue Reading]

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