Fact. Employees are committing fraud and malingering at a much higher rate (Malingering = “milking it”), and Medical Costs continue to rise despite the economy.
Government spending is going to cause inflation.
Inexplicably, Doctors think Socialized medicine is the answer to their desire to make more money… has anyone seen what Medicare/Medical reimbursements are like? (Hint – Insurance pays way more)
In addition, the Work Comp market was thrown into turmoil by several poorly thought out anti-employer decisions by the Work Comp appeals board.
Now the Insurance Commissioner is getting into the act – striking back at the board. I ask if this is a case of trying to hold rates down artificially or is there something in the works to deal with the cause (like firing the idiots on the appeals board)?
Calling on the Bureau to eliminate the nearly 6% increase in its current rate filing attributable to the recent en banc decisions by the Workers’ Compensation Appeals Board in Almaraz, Guzman and Ogilvie impacting permanent disability ratings until the judicial process has run its course, Insurance California Commissioner Steve Poizner is heeding the call of the Governor to hold down workers’ comp insurance rates. It was not the only news for insurance carriers still deciding how much capital to contribute to the troubled California workers’ comp market.
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