Early 2015 Medical Trends Show Possible Erosion of Savings, WCIRB says

Medical costs dropped more than expected after Senate Bill 863 took effect in 2013, but the Workers' Compensation Insurance Rating Bureau warns of a possible "erosion" of reform savings. The WCIRB said increases in the average amount paid per medical transaction in the first half of 2015 could be an early indicator that the cost savings have come to an end. The average amount paid for medical services per claim increased 4% in the first half of 2015 compared to the second half of 2014, the first increase since the reforms took effect, according to a report the WCIRB published T...