What Will Happen to Workers' Comp Under Trump?
Posted on Jan 25, 2017
According to Employee Benefit News, the Trump administration aims to reduce health care costs while maintaining quality care to employees who have ben injured while working on the job. In order to do this, HRDive speculates that Trump will change value-based medication for all healthcare plans, including workers compensation plans. This means healthcare providers will be paid based on a patient's treatment outcome instead of being reimbursed for their services.
Employee Benefit News claims "value-based" payment will cut healthcare costs as well as improve a patient's health.
A survey conducted by Willis Towers Watson claims more healthcare companies are changing their plans to "value-based" in order to improve the quality of treatment to injured patients.
Trump plans to invest $550 billion into repairing and rebuilding roads, bridges, waterways, and airports which is expected to reduce the amount of workers' comp premiums.
Employee Benefit News states that Trump may bring back "traditional underwriting" and allow insurance providers to sell in different states. It also explains that the Department of Health and Human Services is aiming to tie 50% of health provider's payments value by 2020.