Illinois Governor Pat Quinn today will sign into law an overhaul of the Illinois workers’ compensation system. This will slash medical rates, set new standards in determining a worker’s disability, and improve safeguards against abuse of the system.
The package stems from negotiations among the Governor’s office, business groups, unions, health care providers and trial lawyers. According to the Chicago Tribune:
…the administration estimates the changes will save Illinois businesses at least $500 million a year, but the final product doesn’t get a thumbs-up from all stakeholders.