JL_risklogo.png

Workers Comp Audit Stress Reducer
Use It For Your Next Premium Audit

NIOSH Interested In Workers Compensation Data – Federalization?

Facebook
Twitter
LinkedIn

NIOSH Interested In Workers Compensation Data

NIOSH (National Institute For Occupational Safety and Health) which is part of the federal government (Center for Disease Control) recently announced they were beginning to collect Workers Comp data. John Howard MD Director announced that Workers Comp costs the US over $250 billion.  The study he quoted was shown to be in error due to the type of comparable data.

Graphic of NIOSH Workers Comp
Wikipedia – National Institute for Occupational Safety and Health

Liberty Mutual has shown to be very accurate in assessing insurance statistics has indicated that the total cost for Workers Compensation was $50 billion.  In fact the Liberty Mutual Study showed that the cost of disabling claims had fallen approximately 31% in the same time frame as the inflated $250 billion study.

There are many references to the Federalization of Workers Compensation in this blog. The Federal Insurance Office (FIO) that is now under the CMS and even the CMS is now collecting data from the Workers Comp Medicare/Medicaid Set Asides.

The controversial Death of Workers Comp articles in this blog also point out the fact that it is now very easy with the Healthcare Act to add in 24 hour healthcare in place of Workers Compensation insurance.  Also, could the state health exchanges also offer Workers Comp or the 24 hour healthcare coverage?

This does not mean the end of Workers Comp.  This just means that if anyone in the WC arena is sitting behind their desk and saying everything is going to be the same tomorrow as it is today may have a shocker coming.

Flexibility and adaptability will need to be added to any insurance personnel’s toolkit in the coming months and years.

©J&L Risk Management Inc Copyright Notice

Facebook
Twitter
LinkedIn

Related...

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

Subscribe

Get the latest workers' comp news FREE!

Name
This field is for validation purposes and should be left unchanged.