Columbus, Ohio (February 28, 2019) - Ohio is
unique in its Workers' Compensation laws. The state funded
program has been effective over the years, but has not always been
as employer-friendly as one might expect. Following on from former
Governor John Kasich's rebates in his last term, the state fund
still appears to be overfunded.
Fortunately for many employers in the Buckeye State, the Ohio
Bureau of Workers' Compensation (OBWC) has recognized this issue and is
considering efforts to further reduce premiums across the board,
making Ohio a friendlier state for employers overall.
According to an OBWC spokesperson, the proposed rate cuts would
save 242,000 employers in the state a combined $244 million in the
next fiscal year. The cuts were proposed in response to fewer
workplace injuries and projected decrease in future medical costs.
If approved, it would be the ninth rate cut by the OBWC since
2008.
