Monopolistic State Funds

Hawaii Monopolistic State Fund – Shocking Possibility

The 50th State May Create Hawaii Monopolistic State Fund The idea of a Hawaii Monopolistic State Fund may not just be a subject tossed around by Workers Comp aficionados.   A new piece of legislation referred to as House Bill 2715 may change the Hawaii WC landscape permanently.   Please

Best Workers Comp Markets Are In 14 States

Workers Comp Markets Are In 14 States The best Workers Comp markets in the US exist in 14 states.   According to an annual R Street policy study, these 14 states had the best Workers Comp markets (scored 10 of 10): Alabama Florida Georgia Iowa Illinois Indiana Mississippi North Carolina

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. If you have not

Ohio Appeals Court Decision Start Privatization Conversation?

Ohio Appeals Court Decision  Could Change BWC A recent Ohio Appeals Court Decision against the Bureau of Workers Compensation (BWC) may possibly start the progression of the state’s monopolistic Workers Compensation system to a free market system.  The court decision is well worth a quick review.  (Pages 5 -7 and

Do Monopolistic State Funds Still Exist Today In US

Term Of The Day – Monopolistic State Funds Monopolistic state funds used to be rather numerous in the United States.  The number of monopolistic carriers have dwindled due to states such as Nevada and West Virginia converting to a free market system. The law requires that companies in that state

Washingtons Workers Comp Monopolistic System – Next To Fail?

Washingtons Workers Comp System An internal audit by the State of Washingtons Workers Compensation Department of Labor and Industry (L&I) may be the start of another Workers Comp system converting from a monopolistic system to a private system. West Virginia recently converted their state-run system into a free market. Washington’s

Ohio BWC Overspends $20,000,000 on Pharmacy Program

Ohio BWC Monopolistic State Funds Mismanagement I thought I would leave the Monopolistic State Funds alone as I had bashed them heavily over the last few months. I then read articles last week that pointed out a very large mistake by the Ohio BWC – Bureau of Workers Compensation. The

Two Monopolistic State Funds Strike Again Recently

Ohio And North Dakota Monopolistic State Funds I do not wish to pick on any of the monopolistic state funds. I have passed over commenting on quite a few articles referring to Ohio and North Dakota. However, these two news items were too major to ignore. North Dakota – A

Monopolistic States Correction Removes Nevada From List

Monopolistic States Number Correction Removes Nevada I had posted incorrectly earlier on monopolistic states. I posted a blog a few months ago that indicated there were six Workers Compensation Monopolistic states. At the time, I had included Nevada. Nevada had already become an open market system. That would leave five

Monopolistic Funds and Their Problems Back In News

Workers Comp Monopolistic Funds Why do states create monopolistic funds? As I posted yesterday, there are quite a few state-created Workers Comp funds that are having many troubles. The reason for these problems might be the softening of the Workers Comp market. I think there are many problems with state-created funds

Monopolistic Workers Comp States Examined Further

Monopolistic Workers Comp State Funds – Six Remaining  Does the monopolistic Workers Comp state funds show any problems?  As of today, there still six states that have monopolistic state funds – They are North Dakota, Ohio, Washington, West Virginia, and Wyoming. West Virginia is still in a monopolistic condition as

State Run Workers Comp Programs All Have One Main Problem

Monopolistic State Run Workers Comp Programs State run Workers Comp programs have experienced many problems. The usual State Fund lacks a major component.  Workers Comp used to be a very simple process where benefits were paid, forms were filed, and everything was copasetic. My, how those times have changed. Workers

Many State Run Workers Compensation Programs Have Faced Problems

Problems  Faced By State Run Workers Compensation Systems The problems experienced by state run workers compensation systems have increased lately. There are many challenges that are faced by state-run Workers Compensation programs. The ones that are most prevalent as of now are: Solvency – Many state funds have had to

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