A CT State Fund? Rate Hikes Insufficient for Change

Check out this posting by DePaolo’s Work Comp World

Oregon Department of Consumer & Business Services biennial report on ranking of state’s cost of workers’ compensation to measure how one state compares to other states.  Connecticut was ranked as the sixth most expensive workers’ compensation market in the country in the 2010 Oregon biennial report, compared to a ranking of 20th most expensive state in the 2008 Oregon report.  Connecticut finished with higher rates then New Jersey and New York.

With rates going up in Connecticut, labor wants the Legislature to create a state fund, while business interests are hoping for a statutory cap on the price of repackaged drugs.

Let’s see how this all plays out and remember that CT has some major insurance companies in the state that oppose a state fund, declaring that it would drive out competitive private carriers afraid of price competition.

See post here A CT State Fund? Rate Hikes Insufficient for Change