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As 2023 draws to a close and companies begin to settle on the wages and hikes for the next year, the question of how to create an equitable compensationsystem might flash in everyone’s mind—if briefly. Building a conscious pay system requires conscious policies and practices that support such an initiative.
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. The Division didn’t follow through on most of what it said it would do,” said Kevin Walsh, Acting State Comptroller.
The apparent rise in mental disability claims is a significant issue for disability insurers and workers’ compensationsystems. The observed rise in workers’ compensation claims for mental injury must be interpreted in context. Handwringing over costs often misses this underlying premise.
Stakeholders Face Challenges The numerous stakeholders of the workers’ compensationsystem have been repeatedly faced with episodes of increased infectious disease, and little has been done to take the necessary precautions against the hazardous consequences. Confusion has been left to rein unabated.
Regardless of the workers’ compensation model (private insurance, competitive state fund, exclusive state fund), every insurer has to prepare for the unexpected. As noted in my last post, the COVID-19 event most certainly is a rare event and just as assuredly will result in accepted workers’ compensation claims.
For more than a century, governments have pursued a social policy objective: to protect workers from work-related injury, disability, illness and death in a compassionate and sustainable way that still allows the economic activity and innovation necessary for societies to operate and thrive. Government interventions alter the market.
This week, the Workers' Compensation Research Institute (WCRI) hosts its 38th Annual Issues and Research Conference in Boston. In all, a well-rounded program with something for all of the workers' compensation community. I have studied workers' compensation for decades and would find such an undertaking monumental.
[Supplemental background for students of DMCCJ – Workers’ Compensation and Return to Work and DMCCL- Insurance and Other Benefits – Pacific Coast University for Workplace Health Sciences] Workers’ compensation insurers and legislators are taking the first steps in dealing with the COVID-19 crises.
Background The workers’ compensationsystem faces an enormous challenge in 2022 as the novel consequences of the most recent surge of SARS-CoV-2 infection engulf the nation. The issues will include: evaluating temporary disability benefits, delivering medical treatment, and estimating the nature and extent of disability.
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