Wisconsin Could Raise Payments as Medical Fee Schedule Seen
- While workers’ compensation payments in Wisconsin have not increased since 2016, observers see a change on the horizon after the 2025-27 state budget deal included plans to develop a medical fee schedule.
- About 21,000 people annually receive Wisconsin worker’s comp checks, the vast majority of them for a temporary period.
- Only about 500 people receive PTD benefits, and only 300 of them are eligible for raises.
- In Wisconsin, raises have been provided only when they are included in a wide-ranging worker’s compensation “agreed bill,” proposed every two years, and only if the bill becomes law.
- Wisconsin Watch reported that Wisconsin employers have seen their premiums for worker’s compensation insurance decrease 10 years in a row, saving them $206 million in the past year and over $1 billion since 2017, according to the Wisconsin Hospital Association, which is part of the state Worker’s Compensation Advisory Council.
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EverPeak acquires MGA Method Insurance, Seeks to Create Nationwide WC Solution for Brokers
- EverPeak said it is acquiring Method Insurance, a comp managing general agent, as it seeks to serve employers nationally.
- The terms of the acquisition were not made available by the Pinnacol Assurance unit.
- “Over time, this will provide brokers with greater coverage options—ultimately better serving the changing needs of employers, which is especially important in the era of modern, dispersed workforces,” EverPeak’s statement said.
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Clara Analytics Launches AI-Driven Intelligence-as-a-Service Solution
- Clara Analytics said it is launching an Intelligence-as-a-Service solution that uses an AI dataset of bodily injury cases across workers’ compensation, auto liability, and general liability, insurance carriers and self-insured organizations.
- The tech firm said the solution enables insurance carriers and self-insured organizations to query their own practices, drill down into aberrations, and identify opportunities to optimize reserving and settlement outcomes.
- Clara said the solution draws on millions of records, spanning over a decade, to yield granular and accurate insights that can transform claims operations and profitability.
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