Montana lawmakers have tabled a proposal seeking to dismantle and privatize the state’s massive workers’ compensation system, saying the matter is too daunting to take up in the waning days of the legislative session.
Instead, a Senate Committee decided to take more time to analyze what it should do about the $1.6 billion State Fund, which has among the country’s highest workers compensation premiums.
Republican Sen. Ed Buttrey of Great Falls says that privatizing the fund has its merits, but he and other committee members needed more time to see how privatizing the system would affect Montana businesses.
Small business owners, labor groups and some key, pro-business Republicans say that blowing up the State Fund could lead to skyrocketing rates for high-risk trades such as logging and trucking.
Topics Legislation Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Opportunity for Private Flood Insurers With Threat of Another NFIP Lapse 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Why Power Outages Do More Economic Damage Than We Think 
