By Stephen Sullivan, Managing Editor
Today’s issue of WorkCompRecap features PCI’s recent announcement of their opposition of Illinois HB 2919, a bill to create a state workers’ comp fund, which cleared a State House Committee late Wednesday. According to PCI, the legislation is “unnecessary and harmful to taxpayers, injured workers and employers”, and would put the state in the business of operating an insurance company that competes with private insurers.
PCI noted three major tenets for their opposition, citing existing economic problems for the state and noting the potential for cash flow drain and new future liabilities, the fact that there are already 324 available carrier options in the state, and that there is no credible evidence that creating a state fund will lower the cost of coverage.
Find out more by clicking here!