Eliminating Workers' Comp Insurance Monopoly

A campaign to end the state of Washington 's monopoly on workers' compensation insurance appears to have enough support to qualify for the November ballots. Initiative 1082 supporters submitted stacks of petitions this week with an estimated total of more than 340,000 voter signatures. That's well above the roughly 241,000 required to earn a spot on the fall ballot, pending certification from state election officials. I-1082 would allow private insurance firms to offer their own plans in competition with a state-run system. It also would drop the current state mandate for employees to pay a share of premium costs. At present, Washington is one of just four states that do not allow private companies to offer workers' compensation insurance, although some employers self-insure.
Source: Insurance Journal
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