Trump Drugs EO Could Hit WC Insurers

 

Trump Pharma EO Could Pose Immediate WC Challenges: Enlyte

  • An executive order signed by President Donald Trump aimed at reducing healthcare costs and providing substantial benefits to the pharmaceutical industry presents immediate challenges for workers’ compensation insurers.
  • Writing on the Property and Casualty 360 website, two regulatory executives at Enlyte said the EO could lead to a delay in Medicare drug price negotiations and the timing of tariffs may lead to higher drug prices, potentially increasing overall expenses for insurers who cover medication costs for injured employees.
  • Also, the focus on bringing drug production back to the U.S. might lead to supply chain disruptions, resulting in temporary shortages or delays in the availability of certain medications.
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Ontario WC Agency Workers Strike

  • Workers at Ontario’s Workplace Safety Insurance Board are on strike, claiming dangerously high workloads are driving up rates of depression and anxiety among the agency’s employees.
  • The WSIB administers the workplace safety and insurance system in Ontario.
  • The union is asking the WSIB, which is funded by employer premiums, to spend more money to improve their working conditions and to expand access to compensation for the 1.56 million workers in Ontario not covered by WSIB.
  • WSIB provides protections for about 5.6 million workers, and more than 325,000 workplaces across the province.
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