workers’ compensation News

Survey: Workers’ Comp Drug Spend Declined by $1B in Past 8 Years

Pharmacy costs in workers’ compensation have decreased by $1.1 billion during the past eight years, according to CompPharma’s 15th Annual Survey of Prescription Drug Management in Workers’ Compensation. “Pharmacy is no longer the fastest-growing segment of work comp medical expenses,” …

Poultry Processing Plant Injuries Often Underreported

Meat and poultry processing workers often perform the same motions for hours at a time: pulling tenders off of chicken carcasses, tearing out their internal organs or trimming cuts of meat. These repetitive and forceful jobs, performed on long shifts …

CFO: Florida Workers’ Comp Carriers Expected to Save $20M in Costs Next Year

Cost savings in two Florida funds paid into by workers’ compensation carriers are expected to equal a nearly $20 million reduction in expenses for insurers operating in the state next year, according to a statement from the Florida Department of …

A.M. Best Downgrades AmTrust As Insurer Prepares to Go Private

A.M. Best has downgraded its financial strength and credit ratings for insurer members of the AmTrust Group, not long after AmTrust Financial Services Inc. (AFSI) shareholders approved a $2.95 billion deal that will make it a private entity. The insurer’s …

Jones Orders Workers’ Comp Insurers to Report Federal Income Tax Savings

California Insurance Commissioner Dave Jones announced earlier this week he has issued an order that every insurer licensed to write workers’ compensation insurance in the state must report their federal income tax savings annually through a rate filing in light …

Oklahoma’s Proposed Medical Pot Rules Detail Doctor, Patient Parameters

A few things would be banned under proposed emergency rules to regulate medical marijuana in Oklahoma, including dispensaries near schools, indoor smoking in public places and psychoactive gummy bears. Oklahomans voted to legalize medical marijuana Tuesday via State Question 788, …

White Paper Reveals Impact of Attorney Involvement on Workers’ Comp Claim Costs

Injured workers who hire attorneys to handle their workers’ comp claims tend to stay on temporary disability longer, according to a newly released white paper by CLARA Analytics, an artificial intelligence and data science company that specializes in machine learning …

Penn. Hospital Cuts Opioid Scripts, Considers New Ways to Ease Pain

The culture of clinicians treating pain as a fifth vital sign, targeting pain-free living through a prescription regimen, is acknowledged as a driving factor behind the rise of opioid addiction. The American Society of Addiction Medicine found 4 in 5 …

Professional Administration: The Next Step in Advocacy-Based Care

Advocacy-based care has become important to many workers’ compensation stakeholders. Employers and payers that embrace the concept find not only is it in the best interest of their injured workers, but it also saves money through reduced litigation rates, expedited …

Pain Medicine Group Cancels Marijuana Training for Doctors

A national medical group Thursday abruptly canceled its plans to train doctors about marijuana for pain relief after a federal agency pulled its funding. The episode highlights an ongoing conflict between federal and state laws on marijuana. The American Academy …