The board of the Ohio Bureau of Workers Compensation approved a 10% workers compensation rate cut for public employers, the bureau announced in a statement Friday.
According to the BWC, public employers in the state — which includes 3,700 counties, cities, public schools and public taxing districts — will pay $14.8 million less in premiums in 2021, which is the 12th reduction for public employers since 2009.
The Ohio Bureau of Workers Compensation is set to begin its contract with another pharmacy benefits manager on Nov. 1, a move a spokeswoman told Business Insurance is not directly tied to a report that found its current PBM had been overcharging for generic prescriptions.