Employers Paying Less

1 decade 2 years 9 months ago Monday, June 11 2007 Jun 11, 2007 Monday, June 11, 2007 3:47:53 PM CDT June 11, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - Two years after lawmakers tightened eligibility for benefits to injured workers, costs to business have dropped to 1994 levels. Insurers attribute the decline to competition and new limits for what types of injuries are eligible for workers' compensation coverage. The state insurance department reports that employer payments for workers' compensation insurance are down almost three percent from last year. Overall, premiums are slightly below 1994 levels. An official with the Missouri Insurance Coalition says more insurers are seeking Missouri employers, which also helps hold down costs. But labor groups say the lower costs mean injured workers are finding it harder to get health care.

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