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Regardless of the workers’ compensation insurance arrangement (private insurer, exclusive public state or provincial workers’ compensation board) the healthcare expenditures by workers’ compensationsystems are relatively small compared to the total national spending on healthcare. In my view, this would be a mistake.
A report released today by the Office of the State Comptroller (OSC) finds that the agency that manages workers’ compensation claims filed by state employees failed to remedy deficiencies identified three years ago. As a result, the State faces a greater risk of preventable workplace injuries, spurious claims, and wasted tax dollars.
To address these and other actual or anticipated market failures , governments intervene in a variety of ways [see post, “What is the connection between market failures and workers’ compensation? ” , Workers’ Comp Perspectives, August 9, 2016]. Tax structures can also create cost differentials. are equal).
Compensation rates in the US are typically 66 2/3rds of gross earnings while Canadian compensation rates are typically 85-90% of net (spendable) earnings—the latter often providing a greater level of income replacement across all income classes, particularly where progressive tax regimes are in place. within a range of 0.54
Heartiest congratulations to the National Council on Compensation Insurance (NCCI) as it celebrates 100 years of service to the workers’ compensationsystem. Our” system has seen substantial changes over the years and NCCI has deftly adapted along with it. 2016 OK 89, 381 P.3d Dillard’s, Inc.,
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