Responsibly Lowering the Cost of Workers Compensation
Gov. Bruce Rauner is pushing to further pad corporate profits by demanding changes to workers compensation that will jeopardize the economic security of workers hurt on the job through no fault of their own. I’m working for real reforms that reforms that help small and medium-sized employers save money without hurting middle-class families.
Since Illinois enacted workers’ compensation reforms in 2011, costs, injuries and claims have all dropped significantly, but instead of passing on the savings to businesses, insurance companies are padding their profits. House Bill 2525 will require for-profit insurance companies to pass savings from workers’ compensation reform on to Illinois employers by giving the Department of Insurance authority to review insurance rates before they become effective and reject excessive rates.