Tags: workers | compensation | bipartisan | insurance

Calif. Reforms Workers Comp Program

By Alec Weisman   |   Wednesday, 19 Sep 2012 01:09 PM

California Gov. Jerry Brown has signed into law bipartisan legislation to reform the states workers compensation system amid rising costs and rampant inefficiency, according to the San Diego Union-Tribune.
The new law makes significant changes to California’s century-old workers compensation system that had seen costs of the mandatory insurance surge to $19 billion from $14.8 billion only two years ago.
The legislation changes how benefits are calculated for injured workers and seeks to prevent lawsuits by establishing a binding independent arbitration process. It also eliminates coverage for the most common conditions that lead to lawsuits, including insomnia and mental health problems.
The law is expected to save businesses $1 billion in 2013, according to the governor’s office

© 2015 Newsmax. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved