OIR: Drug and Hospital Reforms Could Drop Rates by 9.4%

By Michael Whiteley, Eastern Bureau ChiefThe Florida Office of Insurance Regulation reported on Wednesday that a series of reforms being considered by the state's Three-Member Panel could save employers as much as 9.4% in rates and bring drug and alcohol costs in the workers' compensation system in line with costs in other states.The Three-Member Panel, which sets reimbursement caps for medical costs in the Florida workers' compensation system, has scheduled a meeting in Tallahassee on Jan. 9 to hear a series of recommendations from the state Division of Workers' Compensation.D...