Add “Obamacare” to the phrase “unintended consequences” and a lot of people sprint straight to the storm cellar.
But the unintended consequences (none of which are direct) of the Patient Protection and Affordable Care Act on the workers’ compensation system may present employers, workers and carriers with perhaps more silver lining than cloud.
Derek A. Jones, an actuary and insurance specialist in the New York office of Milliman, sums up the expectations of many, saying he anticipates expanded medical coverage to foster a healthier U.S. population, which should lead to savings in the workers’ compensation system by reducing the number of claims.
Moreover, healthier workers who do get injured will recover quicker, return to work faster, and discontinue claims sooner.
Jones, again, isn’t alone in making this point; it’s one you’ll hear repeatedly in any conversation with a workers’ comp expert.