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WCIRB Finds Additional $22M in Savings, Numbers Not Final Yet

By Greg Jones (Senior Editor)

Monday, September 24, 2012 | 2

 By Greg Jones, Western Bureau ChiefSAN FRANCISCO − After further review, the California Workers' Compensation Insurance Rating Bureau has found that Senate Bill 863 will reduce costs by $22 million more than originally projected.The Rating Bureau on Friday said independent medical review and eliminating the use of loss of future earning capacity (FEC) in calculating permanent disability ratings would save $90 million and $220 million, respectively. The WCIRB originally predicted savings of $80 million for the new process of resolving treatment disputes and $210 million for elim...

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