Turning Regulatory Obstacles into Strategy Advantages Using Informed Decision-Making in Workers’ Comp & Auto Casualty
5 MIN READ
Following our examination of President Trump's health care executive order and its implications for workers' compensation and auto payers in Part 1 of our series, this article explores how advanced bill review technologies can help position payers to effectively navigate current changes and set themselves up for enhanced savings in the long term.
Ripple Effect: Potential Impacts of Tariffs and Proposed Medicaid Cuts on Workers’ Comp
Discover how U.S. trade tariffs and proposed Medicaid cuts could reshape workers’ comp costs and care access. Dave Torrence outlines key risks and strategies in WorkCompWire’s "Leaders Speak" article.
The Implications of Trump's Health Care Executive Order for Workers' Compensation and Auto Insurers
4 MIN READ
Explore the immediate effects of President Trump's 2025 health care executive order on workers' compensation and auto insurers, including rising drug costs and supply chain disruptions.
Proposed Utilization Review Amendments to California Workers' Compensation: What to Know
4 MIN READ
Explore the proposed changes to California Workers' Compensation regulations and their potential impacts on workers, employers, and the broader system. Stay informed about how these shifts could reshape the future of compensation policies in the state.
Third Party Litigation Funding: A Symptom of Deeper Issues in the Legal System
6 MIN READ
In the world of civil litigation, a new player has emerged—third-party litigation funders. These deep-pocketed investors are bankrolling lawsuits they have no direct involvement in, fueling a surge in nuclear verdicts (awards exceeding $10 million) and even thermonuclear verdicts (over $100 million). For workers' compensation and auto insurers, this trend is a ticking time bomb that could lead to skyrocketing claims costs.
Revving Up Reform: The Future of Michigan’s Auto Insurance
3 MIN READ
In 2019, Michigan enacted a bipartisan no-fault auto insurance reform aimed at reducing the state's notoriously high premiums. Key changes included allowing drivers to choose lower levels of personal injury protection (PIP) coverage, implementing a fee schedule for medical services, and prohibiting the use of certain non-driving factors in rate determination.
Workers' Compensation Pharmacy Legislative and Regulatory End of Year Recap
6 MIN READ
New regulations, proposed legislation, and notable judicial developments made 2024 a significant year for workers' compensation pharmacy programs. For pharmacy benefit management (PBM) roles, staying on top of these changes is critical for compliance and operational efficiency. Here is a recap of some of the major developments in workers' compensation pharmacy we’re watching as we move into 2025.