By Pat Sullivan, Contributing Editor
Today’s issue of WorkCompRecap features the release of a new position paper from Sedgwick, authored by Chief Claims Officer Max Koonce that covers changes that are affecting the workers’ comp system in multiple areas, including workforce changes, healthcare and legislative/regulatory reform.
Koonce notes events and activities of the last few years have caused society to pause and consider many things from a cultural and political standpoint.
Although workers’ compensation is generally not one of the headline considerations, the question remains as to what we can and should learn from past events and how it can influence the construct or functioning of workers’ compensation in the future.
Key explorations include: how having five distinct generations in the workforce concurrently will affect dynamics along with a baby boomer retirement wave; turbulence in healthcare throughout the pandemic exposing problems, how public trust in health institutions has shifted; and a broad range of legislative and regulatory activity as a result of the pandemic.