An Alternative That Can Work For Oklahoma
At present, Oklahoma is one of the most expensive states in the country for workers’ compensation claims. The current workers’ compensation court system is complicated, confusing and inefficient which contributes to increased costs and dissatisfaction among injured employees. While proposed reforms will likely improve the system, frustration with the cost of the system is adding to the economic challenges employers face, forcing them to make difficult workforce choices, reducing their ability to invest in their company and grow their operations, and limiting their ability to create new jobs.
Creating an Oklahoma Injury Benefit Option will expand and improve Oklahoma’s workers’ compensation system. Under such a proposal, a Qualified Employer will be allowed to establish and manage an injury benefit plan that complies with relevant Oklahoma laws for its employees in lieu of participation in the state workers’ compensation court. This “free market” approach will:
- provide better outcomes for employees, providers and employers
- provide a broad range of employee protections
- reduce costs to the state
- reduce costs to Oklahoma employers
- provide Oklahoma a key tool in promoting economic development