TN WC Annual Conference Session

Worker’s Compensation 2030

View the session 2030: Threats and Opportunities for WC Systems

Click here to view this session ** note the start time is 20:40 in the recording.

The session focused on three sets of key forces impacting the WC system including: those that challenge current WC systems fundamentals; those that frame the new context for the stakeholders; and those that impair the historical governmental change process that could significantly impact system effectiveness.

Dr. Victor, Bob Bowman, Sr. Director, Risk Management, Wendy’s and Chris Mandel of the Sedgwick Institute debate various scenarios informed by Dr. Victor’s research and deliver insights into what WC might look like in 2030, what the implications might be for stakeholders and whether various alternatives could address key problems with the current system and what this would mean for injured workers of the future.

The session, based on Dr. Rick Victor’s (founder and retired CEO of WCRI) new book “Worker’s Compensation: Scenarios 2030”, is a discussion over a few significant scenarios that could define the future of WC. Among other things:

– What if forces outside of WC produced large, possibly unsustainable increases in WC costs?
– What if employers responded by seeking painful cuts to WC benefits?
– What if incremental changes to WC system features were not enough to prevent its failure?
– What if the government change process was paralyzed by a gridlocked political process?
– What if a paradigm shift requiring a fundamental change to the “Grand Bargain” was the chosen way forward?
– How does the Covid-19 crisis impact these issues?

Click here for a free download of the book SCENARIOS FOR THE 2030s: Threats and Opportunities for Workers’ Compensation Systems