www.insurancejournal.com/news/midwest/2008/07/14/91858. -
[Cached Version]
Published on: 7/14/2008
Last Visited: 7/15/2008
Barry Llewellyn, an executive for a workers' compensation data collection business, said he knew of no state that approved converting its system into a private business when it was financially sound.
North Dakota is one of four states that maintains a state-run fund as its only provider of workers' compensation insurance.The others are Ohio, Washington and Wyoming, said Llewellyn, who is an executive with the National Council on Compensation Insurance Inc.
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Llewellyn said insurance companies are not likely to seek money savings by denying claims or skimping on medical care.
"They're likely to find themselves involved in much more litigation, and insurers don't like to get into litigation," Llewellyn said.