As Competition for Talent Increases, More Employers Offer Benefits

| posted in Blog, Newsletter

As competition for talent heats up, more companies are not only offering higher salaries, but also boosting their employee benefit offerings, according to a new study. Nearly 33% of organizations surveyed said they had increased their overall benefits in the last 12 months, a Society for Human Resource Management (SHRM) study found recently. The majority of benefits increases were in health insurance and wellness programs. On the flipside, only 6% of firms said they had reduced benefits, mostly citing the need to remain financially stable, whether it was due to increasing costs of benefits, economic factors or poor organizational performance….
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New Legislation Aims to Cut Workers’ Comp Drug Costs

| posted in Blog

Gov. Jerry Brown is expected to sign recently passed legislation that could further reduce workers’ comp claims costs in California. The Legislature in September passed AB 1124, which would establish a new drug formulary that would limit the types of medications that can be used to treat injured workers. The law is seen as vital to controlling costs as the cost of some medications – particularly off-label, compound medications and specialty drugs – continues to rise at a quickening pace. Also, because California’s workers’ comp system lacks a drug formulary, payers have often complained of price-gouging for certain pharmaceuticals, like…
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