Corporations work to do away with workers’ compensation insurance
Fifty-six-year-old Texas lawyer Bill Minick has found a legal loophole that may allow certain eligible companies to opt out of workers’ compensation insurance and instead write their own policies. Minick has stated that he hopes to help facilitate the process of “re-engineering one of the pillars of social justice that has not seen significant innovation in 100 years.”
His attempts seem to be working. Oklahoma has recently signed into law a measure co-written by Minick that allows these companies to forego what was previously considered mandatory workers’ compensation insurance.
While Minick and the companies who have followed his lead like to claim that this new form of workers’ compensation will actually be good for employees, there is little evidence to support their claims. In fact, the injury-benefit plans of nearly 120 companies that opted out in Texas or Oklahoma, which were obtained by ProPublica and NPR, showed that those plans had fewer benefits, more limitations, and essentially no independent oversight.
If you have workers’ compensation issues in Raleigh, the attorneys at Scudder & Hedrick, PLLC want you to know that you don’t have to deal with it alone. Call our offices today at (910) 488-1600 to discuss your case with our legal team.