Saturday, March 3, 2007

Workers Compensation in New York

The state of New York recently announced a coming overhaul of the its workers compensation system. A NYT article can be found here.

NY is an interesting WC state -- costly, but at the same time relatively low on the benefits-to-workers scale (in comparison with other states). Naturally, that's a combination that wouldn't seem, on its surface, to be amenable to easy repair. Hopefully, this new approach can succeed.

There is also a short editorial in today's WSJ, looking at this announcement as a positive.

- Rick

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