Ohio Hopes Workers’ Compensation Reforms Will Benefit State’s Economy

by | June 17th, 2013

June 17, 2013

Significant reforms are now under way for Ohio Workers’ Compensation Benefits after the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors approved Gov. John Kasich’s plan for change. One of those changes includes offering approximately $1 billion in rebates to Ohio businesses.

According to a release from the Tribune-Chronicle, the rebates are part of a three-part approach to stimulating the states economy. Offering the rebates is the first step in the process, which will result in a $365 million cash infusion into businesses in the state. The rebates will also supply $113 million towards assisting local governments and schools. Next, the state will work towards tripling funds from grants for safety projects. Then, officials will push for legislative approval to changes in the BWC’s billing policies.

The plan not only aims to keep workers safer while on the job, it also reduces costs to employers associated with achieving that goal. So far, the plan is working. Over the last three years, private employer premiums have been reduced $224 million and public employer rates are currently at the lowest level in the past 30 years.

The Ohio Personal Injury Lawyers with Nurenberg, Paris, Heller & McCarthy recognize the risks workers face each day on the job and hope the state’s plan succeeds in offering better protection from injury or death to employees across the state.