June 21, 2017

WorkCompRecap: Regulating Relief!

Today’s issue of WorkCompRecap features New York Governor Cuomo’s recent detailing of measures that will reduce the cost to employers under the State’s workers’ compensation system, including The Business Relief Act, which cuts the assessment to employers from 18.8% to 13.8%, the largest reduction since 1998. According to Cuomo… [Continue Reading]

CompLines: 11/1/13

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Opioids in Work Comp Survey – more results & Webinar Managed Care Matters What’s Up with Drug Prices? MyMatrixx Blog N.Y. Governor’s Comments on Workers Comp Reform Questioned PC 360 Editor’s Note: These links lead to outside… [Continue Reading]

NY Governor Cuomo Details Improvements to NY Workers’ Comp System

New York State Seal

Albany, NY – Governor Andrew M. Cuomo recently detailed a series of measures that reduce the cost to employers under the State’s workers’ compensation system by 26 percent in 2014, saving businesses and local governments $300 million in annual expenses. The Business Relief Act cuts the assessment to employers from 18.8 percent to… [Continue Reading]

NY WCB Announces Regulations to Implement Business Relief Act Assessment Changes

NYWCB

Schenectady, NY – Pursuant to WCL §151, the Chair of the Workers’ Compensation Board (Board) shall annually establish an assessment rate for all employers by November 1st of each year, to be effective January 1 of the subsequent calendar year. For calendar year 2014, such rate shall be 13.8% of standard premium or premium equivalent… [Continue Reading]

CorVel Announces Third Quarter 2013 Revenues and Earnings

CorVel

Irvine, CA -(PRNewswire)- CorVel Corporation (NASDAQ: CRVL) recently announced the results for the quarter ended September 30, 2013. Revenues for the quarter ended September 30, 2013 were a record $119 million, a 13% increase over the $105 million in revenue in the quarter ended September 30, 2012. Earnings per share for… [Continue Reading]

Aetna Reports Third Quarter 2013 Results

Aetna

Hartford, CT -(BusinessWire)- Aetna (NYSE: AET) recently announced third-quarter 2013 operating earnings of $561.8 million, an increase of 7 percent over the third quarter of 2012. Third-quarter operating earnings per share were $1.50 in 2013 and $1.55 in 2012. Net income for the third quarter of 2013 was $518.6 million, or $1.38 per share… [Continue Reading]

WorkCompRecap: Managing MEDs!

Today’s Halloween edition of WorkCompRecap takes a break from tricks & treats with the fight against an issue that is real-life scary, as Express Scripts’ announces the launch of their Morphine Equivalent Dose (MED) Management program, which aims to help payers better manage narcotic use among injured workers, reduce abuse… [Continue Reading]

CompLines: 10/31/13

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Are opioids driving up comp medical costs? Managed Care Matters NCCI: Emerging industry shows higher frequency in claims Risk & Insurance FDA seeks tighter control of prescription opioid combination drugs Business Insurance Editor’s Note: These links lead… [Continue Reading]

Express Scripts Launches Workers’ Comp Program to Help Payers Reduce Narcotic Abuse

Express Scripts

St. Louis, MO – Prescription narcotic overdoses cause more deaths than cocaine and heroin combined each year. Misuse and abuse of these powerful medications also result in significant extra expense for workers’ compensation payers. Today, Express Scripts (NASDAQ: ESRX) announced the launch of its Morphine Equivalent Dose (MED)… [Continue Reading]

CA DWC Approves Carve-Out Agreement Covering 22,000 Workers in Southern California

CA Division of Workers' Compensation

San Francisco, CA – The Division of Workers’ Compensation (DWC) recently announced a Carve-out Agreement between seven Southern California United Food and Commercial Workers (UFCW) local unions, Vons and Super A Foods. The agreement covers an estimated 20,000 workers in the region. These workers increase the total California… [Continue Reading]

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