Notices
Insurance Learn everything you ever wanted to know regarding all forms of insurance. Protect your valuables and your loved ones.

Bad News for FL Biz Owners - Workers' Comp rates up 8.9%

Thread Tools
 
Search this Thread
 
  #1  
Old 10-25-2011, 01:50 PM
Rubin Insurance's Avatar
Former Sponsor
Thread Starter
Join Date: Jul 2011
Posts: 79
Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!Rubin Insurance You are a Teamspeed member that Rocks!
Bad News for FL Biz Owners - Workers' Comp rates up 8.9%

Florida businesses can expect to pay more for worker's compensation insurance in 2012, but rates will remain far below the levels when the state topped the nation.

Florida Insurance Commission Kevin McCarty signaled Monday that he will approve a 8.9 percent increase if the National Council on Compensation Insurance refiles its request for an increase, making some technical changes.

In a statement released Monday, McCarty said that rates could be even lower if the legislature would address the practice of worker's compensation doctors repackaging prescription drugs and significantly marking up the cost.

The proportion of physician-dispensed drugs prescribed for worker's compensation claims grew from 9 percent to 50 percent between 2003 and 2009, According to the NCCI. During those six years, the average cost of drugs dispensed by doctors increased from $55 to $180.

The council estimated that workers' compensation rates could be reduced by 2.5 percent if reigned in the mark up of those drugs.

"It is imperative that the Florida Legislature address this issue during the upcoming legislative session," McCarty said.
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Zamochit
Gadgets & Electronics | Home Theater | Gaming
6
02-23-2009 04:52 PM
DJ
General BMW | Mini
1
01-21-2009 05:37 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 


Quick Reply: Bad News for FL Biz Owners - Workers' Comp rates up 8.9%



All times are GMT -4. The time now is 08:03 AM.