The Texas Public Policy Foundation’s (TPPF) Vice President of Research and Director of the Center for Economic Freedom, Bill Peacock, and its Director of the Center for Tenth Amendment Action, Chip Roy, today issued the following statements in response to the Department of Labor's newly released report on the effect of recent industry trends on workers, employers, and communities.
“The Department of Labor’s report follows in the footsteps of ObamaCare in encouraging the federal takeover of state workers’ compensation systems,” said Peacock. “The report wrongly equates cost savings in state programs with declining benefits and the shifting of costs to Social Security. Worse still, it ignores the fact that higher costs are often associated with excess profits for trial lawyers and insurers.”
“There is absolutely no need for more federal involvement in Texas’ successful system of caring for injured workers,” said Roy. “State workers' compensation systems should remain state systems, and not be subjected to ‘federal oversight’ and ‘minimum standards’ that will inevitably result in worse outcomes for both workers and businesses.”
To schedule an interview with Mr. Peacock or Mr. Roy, please contact Elizabeth Lincicome at [email protected] or 919-744-8087.
Bill Peacock is vice president of research and director of the Center for Economic Freedom at the Texas Public Policy Foundation.