Workers compensation bill in Florida ready for Governor’s signature

workers compensation
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workers compensation Gov. Rick Scott will be the next one to review the legislation that is designed to lower costs.

Florida has been facing considerable costs associated with providing workers compensation insurance to employees, and in the current economy, it is leading businesses and programs that are already strapped for cash to struggle even further.

A bill to help to reduce the costs associated with providing employees with this insurance is headed to the Governor.

The workers compensation bill has made its way through the Florida house, so it is now on the desk of Governor Rick Scott, awaiting his review and his signature. The hope in the state is that this will make the coverage much more affordable as a whole, without reducing the protection that employees have when they are hurt on the job.

The workers compensation legislation passed the Florida House this week on Wednesday.

Should the Governor add his signature to workers compensation SB 662, it would create a revision to the current system in the area of reimbursement for medications. The way that it would change the current regulation is that the total reimbursement costs for some of the more commonly used prescription drugs for hurt employees will be revised.

Typically, it would lower or limit the amount of money that would be available for reimbursement on workers compensation claims. This would apply specifically to relabeled or repackaged drugs. A cap would be placed on those payments in this type of claim in the hopes of reducing the cost of the coverage in a meaningful way.

Before making its way through the House, this workers compensation bill made its way through the Florida Senate. It was passed unanimously, at a vote of 39-0. A staff analysis that was conducted in order to determine the possible savings that would be generated if the bill were to pass showed that the costs of this coverage would decrease by an estimated $20 million per year.

The goal is to make it possible to continue to provide highly beneficial workers compensation insurance coverage in the state, without making it financially crippling to companies and the program, itself.

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