Denn continues to impress:
After the legislature passed its medical fee schedule legislation there was a $14 million pot of savings suddenly created. Denn issued a ruling in December, 2008 that the savings had to be returned to worker’s comp policy holders. The Insurance companies threatened to sue, Denn said “take your best shot.”
They filed suit in Chancery Court against Denn. On Friday, the Chancery Court issued an opinion upholding what Denn did.
Bottom Line: It will mean about $14.6 million in workers comp. rebates for Delaware policyholders this year. For small businesses it should work out to a rebate of about 12% total annual premiums.
It sure was nice having an Insurance Commissioner back in the day.