NU Online News Service, Nov. 8, 3:43 p.m. EST
Proposed increases of 30 percent or more for certain fees by the New York State Workers' Compensation Board (WCB) could have "unintended negative consequences for the state's no-fault automobile system," the Property Casualty Insurers Association of America (PCI) said.
The fee hikes could also lead to more fraud and abuse, a problem already plaguing the no-fault system, PCI said in a letter to the WCB.
The WCB has proposed a 30 percent increase in evaluation and management fees and changes to the way chiropractic services are billed which will result in increases of between 30-42 percent, PCI said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.