Governor Pat Quinn signed a new workers' compensation law that would significantly help Illinois businesses save money. Whether the new law helps injured workers is another issue.
According to the Associated Press, the new workers' compensation law would save Illinois businesses between $500 and $700 million by cutting the premiums they have to pay into the system.
The workers' compensation system is basically an employer-funded insurance program for injured workers. Workers injured on the job can receive benefits like medical assistance and lost wages from the workers' compensation fund. That fund (worth about $3 billion) comes from premiums that businesses pay for each of their workers.