The trial bar’s claim of profiteering is misdirection from the real issues. But if the trial bar wants more regulation of profit rates, it should begin with regulation of the profit rates of law firms that make their business on workers’ compensation cases.
Illinois’ uncompetitive workers’ compensation system doesn’t just hurt private sector businesses – it is also costing taxpayers more than $400 million per year.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.