Governor Mark Sanford's Fight for Reducing Workers Compensation Reserves in South Carolina -
I have posted quite a few times on the plight of Governor Sanford and his trials/tribulations in trying to fix a major problem with the Workers Comp system in South Carolina. Governor Sanford has recognized a major problem with Workers Comp and is trying to correct it by preventing the Workers Comp Commissioners from being able to just pull a number out of the air as an award for permanent partial disability.
In our Workers Comp file reviews for South Carolina employers, we often see very high reserves left on a file when a viewing is upcoming on a file. These reserves directly affect what employers end up paying for Workers Comp premiums. The adjusters are usually baffled with forecasting what the Commissioner may award an injured employee on a file. There can be a very large difference on the same file with the same type of injured employee.
What Governor Sanford is trying to do is take the subjectivity out of the settlement and make it objective as possible.
We have seen articles that say Governor Sanford is stretching his bound of authority too far or is walking down paths that his predecessors have already attempted and failed. The Supreme Court of South Carolina has decided to take up the issue soon. This may be a way for South Carolina employers to save millions in premiums.
If you are a South Carolina employer or pay South Carolina Workers Compensation premiums, please support Governor Sanford in his quest to save you part of your Work Comp budget.
Next Up - The IRS Stuns the Workers Comp World
Our main web site is http://www.cutcompcosts.com/
I have posted quite a few times on the plight of Governor Sanford and his trials/tribulations in trying to fix a major problem with the Workers Comp system in South Carolina. Governor Sanford has recognized a major problem with Workers Comp and is trying to correct it by preventing the Workers Comp Commissioners from being able to just pull a number out of the air as an award for permanent partial disability.
In our Workers Comp file reviews for South Carolina employers, we often see very high reserves left on a file when a viewing is upcoming on a file. These reserves directly affect what employers end up paying for Workers Comp premiums. The adjusters are usually baffled with forecasting what the Commissioner may award an injured employee on a file. There can be a very large difference on the same file with the same type of injured employee.
What Governor Sanford is trying to do is take the subjectivity out of the settlement and make it objective as possible.
We have seen articles that say Governor Sanford is stretching his bound of authority too far or is walking down paths that his predecessors have already attempted and failed. The Supreme Court of South Carolina has decided to take up the issue soon. This may be a way for South Carolina employers to save millions in premiums.
If you are a South Carolina employer or pay South Carolina Workers Compensation premiums, please support Governor Sanford in his quest to save you part of your Work Comp budget.
Next Up - The IRS Stuns the Workers Comp World
Our main web site is http://www.cutcompcosts.com/
posted by James J Moore at 6:52 AM
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