A bill which would make changes to Florida’s workers’ compensation has been approved by a House panel even though it does not contain reforms requested by the state’s business community. Groups which represent retailers, major corporations, and small enterprises have been asking for caps on attorney fees in injured workers’ claim cases. They say these caps are necessary to stop workers’ compensation premiums from skyrocketing.
Instead, the House panel unanimously passed proposal HB 1399 last week. By changing the way insurance providers reimburse health care companies, HB 1399—if passed—could lead to a 5 percent reduction in the workers’ compensation insurance premiums paid by employers. This would follow the 13.4 percent reduction in state-set workers’ compensation insurance rates approved last year.