Worker’s Comp Premiums Drop Again—And Without a Government Fee Schedule
Provider coalition mobilizes to fight government price controls on care for injured workers
Effective October 1, Wisconsin employers experienced a significant reduction in worker’s compensation premiums for the following year, all without implementing a government fee schedule for health care services.
In June, the Office of the Commissioner of Insurance and the Department of Workforce Development (DWD) issued an announcement stating that employers would see an 8.46 percent reduction in premiums in October 2017—the largest decrease in nearly a quarter century. The decrease in premiums results in $170 million in savings to employers. In that release, DWD Secretary Ray Allen said, “This is just another indicator for businesses that Wisconsin is a great place to work.” The 8.46 percent drop is an overall figure; the manufacturing segment will see a whopping 9.28 percent reduction.