Labor argues that the settlement system is rigged against injured workers because companies will put injured workers in a desperate situation by "starving them out"—appealing the L&I deal and pushing workers to take "voluntary" settlements for a necessary cash infusion, but for less— and less stable funding.
Business argues that the settlements, which must be approved by L&I, will save the workers' comp fund money by closing cases quickly (staving off administrative costs). The fiscal note released yesterday made business' point, estimating savings in the next biennium at $1.2 billion.
However, as we've noted many times now, and as the Office of Financial Management told us yesterday, the savings also underscore labor's complaint: the settlements will be worth less than the traditional workers' comp payments, $171,000 less per family the Washington State Labor Council estimates.
In response to the $1.2 billion news, the Washington State Labor Council released a YouTube hitting that point again.