STUDY: I-1082 WOULD INCREASE
NEW YORK – A new study released today by consumer coalition Americans for Insurance Reform (AIR) finds that Washington State’s non-profit state workers’ compensation system is “remarkably cost-effective, with higher benefits to workers, far lower expenses and profit” than either private or competitive insurance systems. The study by AIR, a coalition of nearly 100 non-profit public interest groups nationwide, says that I-1082, ‘[a]llowing private insurers into the remarkably efficient Washington State system would surely result in greater costs for employers, smaller benefits for injured workers, and increased burdens on the state.”
AIR’s report, BIGGEST BANG FOR THE BUCK: Washington’s State-Run Workers Compensation System, was written under the direction of actuary J. Robert Hunter, who is Director of Insurance for the Consumer Federation of America (CFA), former Commissioner of Insurance for the State of Texas, and former Federal Insurance Administrator under Presidents Carter and Ford. It was co-authored by Joanne Doroshow, Executive Director of the consumer group Center for Justice & Democracy.
Among the findings by BIGGEST BANG FOR THE BUCK are:
Co-author Joanne Doroshow, Executive Director of the Center for Justice & Democracy, said, “Washington State’s non-profit state workers’ compensation system is amazingly cost-effective and economical. Voters should be extremely wary of the insurance industry’s misleading campaign about I-1082. This initiative would raise costs, lower benefits and create new burdens on Washington State. It is utterly indefensible.”
Americans for Insurance Reform is a coalition of nearly 100 consumer groups from around the country that works to strengthen state oversight of insurance industry practices. AIR is not connected to any trial lawyer or business group.
Americans for Insurance Reform, 90 Broad St., Suite 401, New York, NY 10004; Phone: 212/267-2801; Fax: 212/764-4298
(AIR is a project of the Center for Justice & Democracy)