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You are here: Home / Workers Comp News / Understanding Structured Settlements: A New NSSTA Survey And Other News Tidbits

Understanding Structured Settlements: A New NSSTA Survey And Other News Tidbits

June 19, 2015 By //  by Michael B. Stack Leave a Comment

Understanding Structured Settlements: A New NSSTA Survey

Insights about how structured settlements are used and what can be done to improve the process are featured in a new Claims and Litigation Management Alliance (CLM) article titled, Understanding Structured Settlements, written by Kevin Silo, President of the National Structured Settlements Trade Association (NSSTA) and Taylor Smith, President of CLM Advisors. Based on a NSSTA survey of claims professionals, hear about important issues especially when it comes to structured settlement consultants.Ringler Radio host, Larry Cohen and his co-host, Jim Early invite Eric Vaughn, Executive Director ofNational Structured Settlements Trade Association, to discuss the details on this podcast. Listen to Podcast…

 

 

Four Finds! Find #2

The U.S. Secretaries of Agriculture and Health and Human Services (HHS) are responsible for developing federal government policy on food. The HHS and the U.S. Department of Agriculture (USDA) jointly publish Dietary Guidelines about every five years. There is an advisory committee that consists of subject matter experts who make recommendations. Read more…

 

 

FDA Approves Generic Release of Abilify

The U.S. Food and Drug Administration (FDA) approved the first AB-rated generics to Bristol-Myers Squibb and Otsuka’s Abilify® (aripiprazole) tablets, an atypical antipsychotic drug commonly used for treating schizophrenia and bipolar disorder. The agency approved generics from Alembic Pharmaceuticals, Hetero Labs, Teva Pharmaceuticals and Torrent Pharmaceuticals. At least one manufacturer, Teva, announced the launch of its generic in the currently marketed strengths of 2mg, 5mg, 10mg, 15mg, 20mg and 30mg tablets. Read more…

 

 

Express Scripts Elects Tim Wentworth to Board of Directors

ST. LOUIS, June 12, 2015 /PRNewswire/ — Express Scripts Holding Company (NASDAQ: ESRX) today announced that its Board of Directors has elected Tim Wentworth to the Board.

Mr. Wentworth is currently the President of Express Scripts, a role he has held since 2014. He has management responsibility for all aspects of the company’s core business, and reports directly toGeorge Paz, Express Scripts’ Chairman and CEO. Read more…

 

 

2015 Workers’ Compensation Research Institute Conference: Perverse Effects of Low Fee Schedules

Workers Comp Matters host Alan Pierce attended the 2015 Workers’ Compensation Research Institute (WCRI) Annual Issues & Research Conference in March. While there, he interviewed Rebecca Yang, who presented ‘The Perverse Effects of Low Fee Schedules.’ A fee schedule, as described by Yang, is the state’s maximum allowable reimbursement rates to medical providers (doctors or hospitals). The presentation examines the adverse effects of freezing fee schedules, reducing fee schedules, and low fee schedules in workers’ compensation. Read more…

 

 

Author Michael B. Stack, Principal, COMPClub, Amaxx Work Comp Solutions. He is an expert in employer communication systems and helps employers reduce their workers comp costs by 20% to 50%. He resides in the Boston area and works as a Qualified Loss Management Program provider working with high experience modification factor companies in the Massachusetts State Risk Pool. He is co-author of the #1 selling book on cost containment, Your Ultimate Guide To Mastering Workers Comp Costs www.reduceyourworkerscomp.com, and Founder of the interactive Workers’ Comp Training platform COMPClub. Contact: mstack@reduceyourworkerscomp.com.

 

©2015 Amaxx LLC. All rights reserved under International Copyright Law.

 

SALES TO PAY FOR ACCIDENTS CALCULATOR: http://reduceyourworkerscomp.com/sales-to-pay-for-accidents-calculator/

 

WC GROUP: http://www.linkedin.com/groups?homeNewMember=&gid=1922050/

 

Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker, attorney, or qualified professional.

Filed Under: Workers Comp News

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