Workers’ comp bill to slash $500 million-plus

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A workers’ compensation bill that passed the Illinois House Tuesday, after falling short of the necessary votes on Sunday, is expected to cut $500 million to $700 million in costs for employers by eliminating unnecessary treatment and reducing medical fees by 30 percent, according to Crain’s Chicago Business. In addition, the bill sets new term limits of three years for arbitrators and bars them from accepting gifts, Crain’s reported. Despite the changes, House Minority Leader Tom Cross, R-Oswego, said the act won’t change the “culture of corruption” in   the state’s $3 billion workers’ compensation system, the story said. Gov. Pat Quinn is expected to sign the bill.