With the news that NCCI is proposing a 10.2 percent rate decrease for Oklahoma, [sub req] the “Opt-Out” movement is rapidly approaching irrelevancy.
Following on the heels of successful legal challenges to Opt Out legislation (with more possibly on the way), the news that a mere 54 employers have chosen the Opt Out option, AND a 3.4 percent decrease earlier in the year, I don’t see how Opting Out of workers’ comp in the only state that allows it will survive. [technically Texas employers “opt in” to comp as they are not legally required to provide the coverage.]
This is a good thing.
While many employers that Opt Out do so honorably and with the full intention of dealing with their workers fairly and equitably, some most assuredly do not. While the work comp system has its flaws – and more than its share of bad actors in all areas, it does work quite well for the vast majority of employers and patients.
Opt out allows bad actors to completely screw their employees, hiding behind legal walls that protect the employer from legal action by injured workers. That’s completely wrong, and is all but impossible under workers’ comp statutes.
What does this mean for you?
Can we please nail the coffin shut and throw a truckload of dirt on top of an idea that deserves to not see the light of day?