Ohio’s workers’ compensation premium reform effort appears to be working.
According to the Bureau of Workers Compensation (BWC), half of Ohio’s private employers paid lower workers’ comp premiums in 2009 than in 2008. Overall, premiums fell by $139 million.
The BWC trumpeted the reform as a way to make Ohio businesses competitive with those in other states. The initiative began in July 2008 when workers’ comp premiums were cut for the first time in seven years.
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