Hot off the press, the much awaited for year long study of the Ohio Workers Compensation System has been completed.
The BWC, Ohio Bureau of Workers Compensation, commissioned this comprehensive study be performed by Deloitte Consulting LLP. Next, look for the analysis phase of the information gathered and an implementation schedule to follow. The Ohio Bureau of Workers Compensation requested this study from top to bottom with emphasis on improving the accountability and operation function of the organization.
What's this mean to the 270,000 businesses insured with the BWC? Well, some recommendations have already been implemented. Those include an adjustment to lower the base rates, the addition of group retrospective rating and the availability of a deductible program, just to mention a few.
The jury's still out, but we hope the recommendations will improve the overall operational strength of the Ohio Bureau of Workers Compensation.
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