Worker's compensation: benefits; deadline to pay compensation benefits; modify to 14 days after compensation becomes due and payable, and modify daily charge and interest amounts for noncompliance. Amends sec. 801 of 1969 PA 317 (MCL 418.801).

This bill proposes to change the deadline for paying worker's compensation benefits to 14 days after they are due. It also aims to adjust the daily charges and interest rates that apply if payments are not made on time. These changes are intended to ensure that workers receive their benefits more quickly and that there are clearer consequences for delays in payment.

Supporters of the bill argue that it will provide timely financial support to injured workers, reducing their financial stress during recovery. By establishing a clear deadline for payments, the bill aims to promote accountability among employers and insurance companies, ensuring that workers are not left waiting for necessary benefits.

Critics of the bill may contend that the new deadlines and penalties could impose undue burdens on employers, particularly small businesses, who might struggle to meet these requirements. They may also argue that the adjustments in daily charges and interest could lead to increased costs for employers, potentially resulting in higher insurance premiums.