March 12, 2021
$1.6 BILLION. That's how much insurance companies profited from the NY workers' comp system in 2018. It's time to put workers over profits.
January 22, 2021
According to a report by "The Center for New York City Affairs", in 2018, workers' compensation insurance company profits increased to $1.6 billion.
February 19, 2020
By James A. Parrott and Nicholas B. Martin Despite an early history as a national leader in safeguarding the interests of workers injured on the job, New York’s workers’ compensation system has eroded considerably over the years, as legislative and administrative changes have often focused on curtailing benefits rather than adapting to changes in the economy, workforce, and business practices. While legislative changes in 2007 and 2017 included some positive measures, for the most part changes…
July 1, 2019
Chronic pain sufferers 'between a rock and a hard place' State regulators, health insurers and even disability administrators have cited the federal guidelines to justify policies that limit pain pill prescriptions. Last month, the CDC clarified its position, saying the response to the opioid crisis went too far. In a New England Journal of Medicine editorial, a panel of experts cited examples such as inflexible thresholds on dosages, abrupt tapering and misapplication of the guidelines for…
June 7, 2019
While the city contemplates demanding employers provide paid vacation days and other new guarantees for workers toward the bottom of the pay and power scale, a basic piece of the safety net is frayed: the workers’ compensation system meant to support people who get hurt on the job, and to help their families get by when a breadwinner is killed. Workers’ comp is a private system with benefits set by the state. Employers buy the insurance, which then pays out when an employee sustains an injury…
June 5, 2019
A new study finds that that workers' compensation benefits are surprisingly low in New York, a state known for its progressive policies and high cost of living. Meanwhile, workplace fatalities have spiked and insurance company profits ...