This morning the Insurance Department held the public comment hearing regarding the proposed increase of 43% to workers compensation rates in Delaware.
Nearly 30 speakers spoke at the hearing, and they were all opposed to the rate increase. Some were opposed to the size increase and some did not a need for any increase.
Many speakers voiced opinion that the workers compensation system needs reform (as do we as part of our earlier reported coalition position). One speaker, owner of a food store, reported that nearly all of his employees in his store (all of them except his bookkeeper) are within the same workers compensation classification. He further noted that therefore the cashiers, the part-time baggers, the people sweeping the aisles and so forth are all lumped into the same classification as the butchers!
Members of the Health Care Advisory Panel testified that the Delaware Compensation Rating Bureau had been charged in 2007 with the responsiblity to watch and report potential health insurance cost increases. However they did not do so, and thus this huge rate increase, attributed to cost increases, came as a big surprise to all this past summer.
Stay tuned. At the conclusion of the hearing the Insurance Commissioner requested that the hearing be closed so that they could study all of the speakers and submitted written testimony, and also review same with the Delaware Compensation Rating Bureau, in order to determine the final rate at some point in the future.