WCIRB Investigating long-term Medical Payments

Preliminary findings of an ongoing Workers' Compensation Insurance Rating Bureau investigation into the high cost of medical care in California suggest something is happening between three and eight years into the life of a claim that makes the state more expensive than others. Dave Bellusci, executive vice president and chief actuary for the WCIRB, said Monday during a meeting of the ratemaking organization's Actuarial Committee that delivering medical care through California's comp system is expensive because of what happens later in the claim. The 2014 Annual Statistical Bulle...