Legislatures in a handful of states mandate that companies buy workers’ comp directly from their states instead of the open marketplace.
A monopoly is defined by the American Heritage Dictionary as, "Exclusive control by one group of the means of producing or selling a commodity or service. ‘Monopoly frequently…arises from government support or from collusive agreements among individuals.’ (Milton Friedman) " **
These states are considered “monopolistic” since companies cannot choose where to go for coverage. North Dakota, Ohio, Washington, West Virginia and Wyoming are currently monopolistic.
**The American Heritage Dictionary
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