Ohio Proposes 10 Percent Cut to Workers’ Compensation Premiums

three people in hard hats looking at a clipboard

Private businesses in Ohio would save nearly $106 million over the next fiscal year if a proposal to cut the state’s workers’ compensation premiums by 10% is approved.

The reduction would follow a 10% rate reduction for public employers – counties, cities, schools and others – that went into effect Jan. 1. If approved at the Ohio Bureau of Workers’ Compensation (BWC) board meeting Feb. 25, it would be effective July 1.

“At the request of Gov. [Mike] DeWine, we are proposing a new rate reduction for private employers,” BWC Administrator and CEO Stephanie McCloud said. “This proposed rate reduction confirms the dedication and hard work Ohio’s private employers have towards workplace safety.”

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Michigan Business Groups Oppose Some House Health Care Reform Bills

A health care reform package the House passed Wednesday is creating a rift between the state’s business groups and the GOP.

Michigan business leaders formed a new Michigan Affordable Healthcare Coalition that aims to reduce health care costs without raising costs on small businesses.

In a Thursday afternoon press conference, business leaders voiced opposition to House bills 4346 and 4354, claiming they would raise health insurance premiums that are already a heavy burden for many businesses.

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HHS: Obamacare ‘Benchmark’ Rates Up 37 Percent, Choices Dwindle

Premiums for Obamacare’s “benchmark” plans will rise by 37 percent and choices will dwindle in 2018, with eight full states having just one insurer to choose from, the Trump administration said Monday in a report detailing the federal marketplace known as HealthCare.gov. However, the average tax credit that many consumers…

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