California Insurance Commissioner Steve Poizner announced he will hold a hearing April 28 in San Francisco to investigate "why medical costs are skyrocketing in the workers' compensation system."
His action came after the Workers' Compensation Insurance Rating Bureau governing board voted to recommend a 24.4 percent increase in the Workers Compensation Claims Cost Benchmark.
Mr. Poizner said in a statement that the hearing he will convene will include all stakeholders in the workers' comp system, including doctors, insurance companies, applicant attorneys and labor, to determine why workers' comp medical costs are increasing.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
