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April 26, 2013

Doak shares reaction to Worker’s Compensation changes

(Continued)

DUNCAN —

Another sizable issue addressed by Doak was Worker’s Comp, which is undergoing a transformation in the two state legislative chambers. The state may be changing to an administrative system from a judicial system.
Deal inquired about the impact that could occur if large employers choose to opt out of the new Worker’s Comp system.
“It works very well,” Doak said. “Competition is one of the best ways to keep rates low. We do know it’s worked very well in Texas.”
Doak said the change in system has been needed, and the work done in this legislative session is moving the state in the right direction. He said some larger companies may opt out of the program, but may also be innovative in their efforts to provide Worker’s Comp.
“I think there’s going to be some very good points to this,” he said. “It’s step in the right direction.”

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