One of the most asinine initiatives in Washington state this election has got to be 1082 - the initiative to privatize the state worker's compensation system. The primary sponsor is the Building Industry Association of Washington - Dino Rossi's erstwhile masters - and the large insurance companies. (Rossi is pictured at the right, with his head up his ass, as usual).
So far, the BIAW has spent a reported $500, 000 on its Yes-1082 campaign - a staggering sum of money. But it's nothing compared to what they potentially can make if 1082 passes. Here's a detailed look.
It's all about offering better "case management" than Labor and Industries. Which translated, means screwing legitimate claimants - denying or delaying valid claims - just to save the insurance companies a buck.
But wait, there's more: one of the main insurance companies that would take care of Worker's Comp in Washington state if this passes is AIG.
That's right, AIG - the company whose top notch management is so great that the US taxpayers had to come up with $85 billion to bail them out rather than have the company go bankrupt. The same AIG that, right after receiving the $85 billion bailout, sent their executives on a week-long retreat at the St Regis Resort in Monarch Beach California at the cost of $433,000 - of taxpayer money.
So let me get this straight - the BIAW wants to privatize the state Worker's Comp system - to save us all money - and to carry out this task, they're going to use AIG, the company that managed itself into bankruptcy, and sends its executives to $433,000 retreats at public expense?
Sure that sounds reasonable.