| The healthcare field, operating for years with little financial scrutiny, now faces scores of monetary dilemmas resulting from legislative directives. These directives answer demands from constituents to contain healthcare costs. Failure to do this will cost healthcare providers the loss of needed federal reimbursement dollars.;Attempting to comply, the industry has targeted for restructuring those areas that are financially burdensome. One such area targeted is the mechanism for paying Workers' Compensation.;There was a review of literature regarding the origin of Workers' Compensation, its evolution in America, the turmoil created in the Texas legislature and the long-overdue change in the Texas Workers' Compensation law. Apparent during this review was the need for an alternative mechanism to pay these benefits. With the passage of the new Texas Workers' Compensation Act, self-insurance, once banned in Texas, is now permissible as an alternative funding process. Self-insurance versus commercial insurance is to be considered in this research. |
