Public policy that effectively blocks any citizen from access to the courts is wrong. The workers’ compensation issues we face in Florida are not driven by litigation abuse. They are driven by a lack of competition on rates and a systematic erosion in the quality of care. FAIR is advocating for pragmatic and balanced reforms of Florida’s workers’ compensation structure by doing the following:

  • Adopting the Loss Cost Rating System within Florida’s workers’ compensation system

    In other lines of insurance, individual insurance companies file their rates with the Office of Insurance Regulation (OIR) based primarily on their own loss experience. However, in the workers’ compensation scenario in Florida, only the National Committee on Compensation Insurance (NCCI) is authorized to capture that data, and it files those rates on behalf of ALL companies offering workers’ compensation coverage.

    • FAIR proposes that the OIR award contracts to data providers that allow these providers to use multiple public data sources to compile their own individual rate filings.
    • The resulting robust competition would also lead to greater choice for business policyholders, and in turn, better quality care for injured workers.
  • Reducing non-value added cost drivers

    According to the OIR’s 2016 Workers’ Compensation Annual Report, Florida has a higher portion of medical cost distributions for drugs than the national average. FAIR agrees with the OIR that legislative solutions need to be explored to bring this cost driver down and make workers’ compensation more affordable for all stakeholders.

Workers' Compensation

FAIR is also investigating the value of the following reforms that could reduce drug costs:

Restrictions on physician dispensing

Lowering the reimbursement rate

Lowering the dispensing fee

Introducing a drug formulary

Strengthening the prescription drug monitoring program

Learn more about FAIR’s rationale for workers’ compensation reform in this op ed.

Please consider joining FAIR as a member, or making a tax-deductible donation to the FAIR Foundation, and becoming part of a critical movement that works to safeguard consumers.