Workers' comp premiums cost Oklahoma employers more than $900 million each year. The state has the sixth-highest premium costs in the nation. In Oklahoma, 18 percent of the workforce is employed by the government, which means the cost to cities, counties and the state alone in premiums each year is $162 million. The highest price being discussed for the move to an administrative system is $6.5 million. So if the state saw a 10 percent reduction in premiums it would pay for itself with money left over.
Arkansas has an administrative system. Its costs are the third-lowest in the nation — less than half of our costs. As a state, we can't afford to lag behind Arkansas any longer. We should consider providing the best workers' comp system in the nation an investment in our infrastructure.
It's time to invest in Oklahoma employees, employers and our economic future by changing our workers' compensation system to an administrative system.
Glass is president of Glass Trucking in Newkirk.