A system in crisis
Article Abstract:
Workers' compensation requires employers to compensate employees for work-related injuries, in return for which employees will refrain from filing suit. However, rising medical costs, changes in the nature of compensated injuries and increasing involvement of lawyers all imply a system in trouble. Small business owners, in a survey by the National Federation of Independent Business, rank workers' compensation as the second major problem threatening their enterprise. Reforms must be enacted to check the situation starting with management of costs within the business.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1992
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Medical self-defense
Article Abstract:
Increasing health insurance costs are forcing small businesses to consider limited self-funded medical plans that reduce company expenditures by 10% to 25%. Under such plans, companies retain virtually all coverages even as they improve cash flow control. Such plans also provide the opportunity to customize benefits to the needs of a company and its personnel. Companies planning to implement self-funded health plans must incorporate stop-loss insurances, a fund for handling claims and provisions for consulting with a third-party administrator.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1992
User Contributions:
Comment about this article or add new information about this topic: