March 19, 2018

WorkCompRecap: Rates & Report!

Today’s issue of WorkCompRecap features the release of a new report brief from Acrometis that found that the process of automatically approving provider bills that are under a certain dollar amount can cost workers’ comp payers millions. The report also notes that auto-approval carries a risk for agreeing to treatment that exposes payers to greater costs, pointing to some jurisdictions where agreeing to pay for even a prescription can result in the payer accepting all responsibility for the claim. Find out more by clicking here!

Also in the news today is the Ohio BWC, who recently proposed a 2.1% base-rate reduction for private employers which would reduce premiums by $29 million for the July 1, 2014 policy year. If approved by BWC’s Board, it would be the third year in a row that workers’ compensation insurance rates have remained steady or dropped. Find out more by clicking here!

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