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Committee Passes Bill to Update Fee Schedule, Use Insolvent Carrier Data for Ratemaking

Friday, January 21, 2022 | 0

The first fee schedule update for Florida physicians since 2016 cleared its first hurdle when it was unanimously passed by a Senate committee earlier in the week. The Senate Banking and Insurance Committee voted 9-0 to pass Senate Bill 1274 on Wednesday. The committee on the same day voted 9-0 to pass SB 1430, a multifaceted bill addressing insurer insolvencies that includes a provision that would require that past and prospective loss experience for bankrupt carriers be used to determine workers’ compensation rates. SB 1274, by Sen. Doug Broxson, R-Pensacola, would stamp the Legislatu...

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