Lawmakers Table Privatization of $1.6 Billion Insurance Fund

Source: Bobby Caina Calvan, Associated Press, March 24, 2017

Montana lawmakers on Friday put off further discussion on dismantling and privatizing the state’s massive workers compensation system, saying the task was too daunting to take up in the waning days of the legislative session. Instead, the matter will be studied more thoroughly in the months after the Legislature adjourns. Getting rid of the $1.6 billion State Fund would be a major undertaking — not only in practical terms because of the thousands of businesses that would be affected but also politically. While Montana Republicans, who control both chambers of the Legislature, have generally favored privatizing some aspects of big government, they appear split on what to do about the State Fund. …