Businesses looking to create more jobs in Florida or relocate to our state thoroughly evaluate a state’s attractiveness and competitiveness before making their decisions. Creating a competitive business climate is essential in Florida’s efforts to become the number one job creator in the nation. While Florida is moving in the right direction, we must maintain forward momentum to break down barriers to free enterprise.
Why We’re Doing It
Repackaged drugs represent 25% of workers’ compensation drug costs.
Reduced Employers’ Workers’ Comp Costs
SB 662 (Sen. Hays), HB 605 (Rep. Hudson) – Passed, Signed by Governor on June 7, 2013
Lowering workers’ compensation costs by closing a costly drug repackaging loophole which artificially inflated the cost of medical care is a win for Florida. Despite opposition challenges to weaken this effort, job creators should see a 0.7 percent drop in rates and an estimated $20 million in savings.
There’s plenty of evidence that Florida is on the right track to becoming more competitive, but a few systemic issues are holding Florida back from becoming the nation’s permanent leader in job creation.
For a more competitive business climate, the fight for free enterprise continues. Instead of short-term quick fixes, the Florida Chamber is focused on long-term solutions to grow the private-sector and help small businesses and families.
- 2013 Legislative Summary (PDF Document)
- News: The Tampa Tribune Editorial: Fix Medication Loophole (PDF Document)
- One-Pager: Workers’ Compensation (PDF Document)
- Office of Insurance Regulation
- Where We Stand
- How They Voted
- Legislative Report Card
- The Florida Scorecard