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Ohio’s BWC Provides 83.5 Moon Roundtrips Overcharging


Ohio’s BWC Provides 83.5 Moon Roundtrips

Unsurprisingly, Ohio’s BWC (Bureau of Workers Compensation), a monopolistic state fund, had a very scorching court decision rendered against it a few months ago.  Rather than keep appealing the Appeals Court decision, the BWC decided to settle with certain policyholders.

Picture of Gavel and Book Ohio's BWC Provides 83.5 Moon Roundtrips
Wikimedia Commons – howtostartablogonline.net

If you have not had the opportunity to read the decision, you should follow the link above and read the decision.  The judges lambasted Ohio’s BWC.   The BWC was on the hook for $845 million.

The BWC allegedly picked the companies for discounts on an almost random basis.  There was no tried and true discount structure as with all the other rating agencies including the NCCI and WCIRB.

The BWC was wise for not having the decision reviewed in the Ohio State Supreme Court.  The settlement seemed to be a split between $0 and the $845 million owed to certain policyholders.

How was the 83.5 moon roundtrips calculated?   According to WikiAnswers,  5,026,560 dollar bills, stacked end to end would cover a roundtrip to the moon.  So, $420 million would be 83.5 roundtrips to the moon ($420,000,000 / 5,026,560).

Ohio’s BWC will likely rectify the situation to a point, but what of actually becoming a non-monopolistic state?

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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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