March 20, 2018

WorkCompRecap: Alternative Advances!

Today’s issue of WorkCompRecap features some legislative news, as it was recently announced that the Oklahoma House had passed Senate Bill 1062, which is set to change the current court-based workers’ compensation system to an administrative system and give the option of developing an alternative benefit plan (opt-out) to qualified employers.

Insurance Commissioner John Doak applauded the development, noting that Oklahoma has one of the highest average costs of Workers Compensation benefits in the nation at a rate of $830 per employee. The Oklahoma State Chamber also issued a statement, calling it “the most important piece of reform legislation to our state’s workers’ compensation system in more than two decades.”

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