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Florida Insurance Commissioner Approves Workers Compensation Rate Increase

October 24, 2011

Today, Florida Insurance Commissioner Kevin McCarty approved an 8.9% rate increase for Workers' Compensation premiums beginning January 1, 2012. Almost one third of this rate increase is due to the ever expanding practice of physicians dispensing repackaged drugs at prices exponentially higher than the statute allows pharmacies to charge for the same drugs.

AIF will diligently seek the Legislature's intervention to close this loophole during the 2012 session and allow Florida employers to use those millions of dollars to create new jobs rather than line the pockets of those who unfairly manipulate the system for their own gain.

Click here to view a statement from the Office of Insurance of Regulation regarding the rate increase.

Click here to view the rate filing order.