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[The following is a paid advertisement.]
In 2011, at the strong request of business interests the Workers’ Compensation “Reform” package was signed into law, aimed at lowering costs for employers in Illinois. These changes have had a negative effect on injured workers in Illinois and their ability to receive fair and reasonable compensation when they are injured on the job.
According to a study done by the Oregon Department of Consumer and Business Services, Illinois had a 17 percent reduction in workers’ compensation rates in the past two years – the steepest drop in the nation. However, Illinois employers should have realized a total premium reduction of $1 billion since 2011. Unfortunately, insurance companies have refused to reduce their premiums in accordance with their own industry’s recommendations.
Demands for additional so-called “reforms” will likely take away more rights from injured workers and further increase the insurance industry’s profits. Any future changes in laws should instead look to promote insurance premium transparency, oversight and competition – not further sacrifices by the injured worker.
For more information about workers’ compensation in Illinois, click here.
posted by Advertising Department
Thursday, Jun 11, 15 @ 1:58 pm
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