(Boca Raton, FL, August 22, 2017)—The National Council on Compensation Insurance (NCCI) has released the first of a five-part series on ncci.com examining the issues surrounding the growing impact of legalizing marijuana on workers compensation stakeholders. The first article in the series,
The Marijuana Conversation: Questions Workers Compensation Insurers Are Asking, focuses on the insurance carrier perspective.
"As a trusted source in workers compensation, part of our mission is to provide timely information that helps our industry stay 'real-time relevant,'" said NCCI President and CEO Bill Donnell. "This series takes a look into the questions being raised as more states legalize marijuana—an issue shaping our industry landscape."
The first article in NCCI’s Marijuana Conversation series is aimed at exploring the issues surrounding the drug’s impact on workers compensation insurers. Three key questions are addressed:
- How does the federal Schedule I drug status of marijuana impact workers compensation?
- Do states require workers compensation insurers to reimburse/pay for medical marijuana?
- Is medical marijuana a viable alternative to opioids for pain management, better claim outcomes, and getting employees back to work sooner?
Future articles in the series will examine questions employers, employees, regulators, and legislators have concerning the impact of medical marijuana.
Founded in 1923, the mission of the National Council on Compensation Insurance (NCCI) is to foster a healthy workers compensation system. In support of this mission, NCCI gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations. These activities—combined with a comprehensive set of tools and services—make NCCI the source you trust for workers compensation information.