With the clock ticking down on his final term, New York Governor George Pataki recently announced a workers' compensation reform plan quite similar to one he advanced unsuccessfully nearly two years earlier, addressing a critical problem facing his own and many other states–out-of-control costs.
While Gov. Pataki's plan likely will suffer the same fate as the one he introduced in 2004, it contains several elements that, if implemented, could help mend the state's broken workers' comp system.
New York's recent workers' comp performance generally mirrors that of other states. According to the National Academy of Social Insurance, employer costs for workers' comp insurance nationwide were high in the early 1990s, dipped slightly in the late 1990s, and rose sharply in the early part of this decade.
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