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Pennsylvania’s Workers’ Comp Fund Could Be Reduced

An article on BusinessInsurance.com reported that Pennsylvania Gov. Tom Corbett is looking to reduce the state’s Workmen’s Compensation Administration Fund by $6.5 million in the 2013-2014 budget year, according to a proposed budget that was posted online.

It’s not clear how this reduction will affect workers’ comp administration here in Pennsylvania. But according to a press release from the governor’s office, the plan is to “(streamline) the workers’ compensation system by improving care for injured workers and reducing medical costs for employers.”

The budget was presented to the Pennsylvania General Assembly on Tuesday of this week. We’ll continue to monitor this situation to see how it could affect our clients.