Today’s issue of WorkCompRecap features the recent announcement from Ohio Governor John Kasich and the BWC that proposed a $1 billion rebate for all 210,000 customers of the Ohio BWC, both public and private, as well as increasing investments in worker safety grants and lowering all rates by modernizing workers’ comp operations.
Made possible by larger-than-expected fund balances at BWC generated by strong investment management, the proposal’s details include the $1 billion rebate, tripling Ohio’s Safety and Wellness Grant program from $5 million to $15 million, and lowering rates 2% for private and 4% for public employers by modernizing BWC’s payment system, whereby customers would pay in advance of their coverage period, rather than after as they currently do.
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