We here at DWC Exchange would like to thank all attendees of our Take the Work out of Workers’ Comp webinar, which we had on Wednesday August 26th. For those of you that couldn’t attend or missed part of the webinar on key workers’ comp issues and topics, we are doing a brief overview as this week’s blog.
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California plans on implementing a closed drug formulary to its workers compensation industry in order to match its counterparts of Texas and Washington State. They’re doing this in hopes to reduce opioid use and overall costs, officials said.
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Workers’ compensation premiums in California continue to grow at double-digit rates, according to the Workers’ Compensation Insurance Rating Bureau.The WCIRB recently released its “State of the California Worker’s Compensation Report,” and authors of the report highlighted developing trends over the past few years in the wake of the state’s massive workers’ comp reforms.
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California employers’ workers’ compensation insurance premiums jumped by $2 billion in 2014 but according to the Workers’ Compensation Insurance Rating Bureau, payments to workers for job-related injuries and illnesses haven’t changed, while medical costs declined.
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California workers’ compensation advisory rates are set to decrease 10.2% for policies issued on or after July 1, according to the California Workers’ Compensation Insurance Rating Bureau. The rating bureau requested this based on lower-than-expected medical losses and claim severity in the state.
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EAMS is a computer based system that improved the DWC case management process in resolving claims more easily, in improving the task of scheduling and managing court calendars, and in converting paper files into secure electronic files, reducing the need for physical storage space at local DWC offices and the State Records Center.
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