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Drug Repackaging a Central Theme of Rate Hearing

Tuesday, October 11, 2011 | 0

By Michael Whiteley, Eastern Bureau ChiefFlorida's two-year debate over capping the price of repackaged drugs will be a central theme at today's hearing on a proposed 8.9% rate increase in the state's voluntary workers' compensation market, following a report that nearly a third of the rate change might have been avoided.The National Council on Compensation Insurance (NCCI) has asked Insurance Commissioner Kevin McCarty to approve the rate increase – the second in two years – based in part on an increase in claims frequency and deteriorating underwriting results.NCC...

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