VT Reform Study Concludes WC State Out of Line

The state of Vermont is now ready to jump on the workers' compensation reform bandwagon, following issuance of a report requested by Governor Douglas' administration that concludes the state's comp system is "negatively impacting the health of Vermont businesses." The "Report on Vermont's Workers' Compensation System" - released Friday by the Department of Labor and Industry and the Department of Banking, Insurance, Securities and Health Care Administration - concluded that rising premium costs are driven by the state's "small size, coupled with its more generous statutory benefits scheme, and...