Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,792
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No Fault Workers' Comp
Teh thread on CA (which will undoubtedly be moved here) started me thinking. Business is leaving CA at hemoraging rates. American Racing (the wheel company) announced that they were laying off 300 and moving production to Tiajuana. That is about 3/5 ths of their work force. the reason is two fold: Wages and WC insurance.
BUT, they were making money while paying many of the to be laid off folks $30/hr. So, the doubling and redoubling of the WC ins is the killer. A restaurant that employs 50 has seen a 800% increase in WC rates in 5 years. $17,000 anually to $140,000!
How would a no-fault WC system work? You get hurt, you see a doctor. Your doctor, no WC doctors and no attorneys. No court time, no Workers' Compenstion Appeals Borad. State funded from ins premiums. For those of you out of state, we already have a quasi state owned insurance co. called, "State Fund."
The only other thig I can think of is the high cost of medical treatment. That's a scam as well. My wife's recent surgery was billed out for thousands and they accepted hundreds from our med ins + a small copayment.
What about no-fault?
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