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Obama or Romney – Vote For Workers Compensation?


Workers Compensation Vote – Obama or Romney

Workers Compensation – would a vote for Obama or Romney be a vote for our industry? Well, we are finally here.   I will miss the droning on off all the commercials.  I live a battleground state so they airwaves and internet were flooded with so many irritating advertisements.

Shaking Hands Obama or Romney Picture
Wikipedia – The White House

In my humble opinion, there will be no difference if Obama retains or Romney acquires the Presidency.  The main races that will heavily affect your Workers Compensation rates, laws, etc. are in the state races.

Workers Comp is a very individualized insurance offering.  We can see that phenomenon when we compare , for example, California to Nevada or Oklahoma to Texas.   One size does not fit all.  I think that Workers Comp could be regionalized across zones of a type, but not across the United States.

Vector Graphic of Voting Concept Obama or Romney Workers Compensation

I coined the term – and it has been copied by other bloggers – on the Federalization of Workers Compensation.  I had thought that the current administration would march over the top of WC and make it a federal program.  That was not necessarily an error on my part.

Obamacare does not directly affect the Workers Comp industry.  However, what was a wide river to cross is now a small stream.  In my opinion, 24 hour healthcare (including Workers Compensation) could be easily attained by using the AFLAC model with some type of partial payment by the employee and a subsidy by the employer.

Often I am asked by many investing companies on consultations what would be the unknown factor that could cause Workers Comp market to change.  I think it COULD be the healthcare companies absorbing the Workers Comp market.

I am often asked as to why this would happen.  As well all know, the healthcare companies will now be limited as to profit in the health insurance market, but not Workers Comp or even the Property & Casualty markets.

Picture of Physician On Screen Health Obama or Romney Healthcare Companies

I am still  under the impression that your State Senate, House, and Governors’ races will be the ones that will map out the Workers comp markets in the future.  That is why I recommend looking into the candidates’ prior voting records on any bills that involved any type of insurance matter.

The bottom line is that whether President Obama or Governor Romney wins the election will not matter to Workers Comp except possibly to a very small degree.  Your local state races will make the difference.

I have consulted on all states Workers Comp in the nation.  Each state is unto itself on Workers Compensation.  The one word to watch out for is reform as most of the time this means a major change to how you will do business in the  WC industry.

Even though Workers Comp is the silent budget buster, for some reason it does not draw enough attention.  On the Federal level, that may be a blessing in disguise.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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