Workers’ comp benefits: Reforms are workingEDITORIAL
September 13. 2017 11:54PM
For years, New Hampshire businesses faced a quartet of uncompetitive costs.
Electric rates, health insurance premiums, business taxes, and workers’ compensation costs were among the highest in the country.
While health insurance and electricity remain uncompetitive, the Legislature has undertaken a campaign to ramp down business tax rates. And now, years of work on workers’ comp is starting to pay off.
Next year’s proposed rates, filed with the New Hampshire Insurance Department, project a 13.3 percent decrease in employer premiums for work-related injuries. This follows a 9 percent drop this year.
That lowers the cost of doing business in New Hampshire, making the Granite State a more competitive place to move, start, or grow a business.
Sen. Jeb Bradley led the bipartisan effort to pass workers’ comp reform into law. He and his fellow lawmakers deserve praise now that New Hampshire employers and employees are benefiting.
Now, about those electric rates...