CALPASC Director of Risk Management Bruce Wick attended the December 10, 2014 meeting of the WCIRB Governing Committee. Bruce is one of two public employer representatives at the committee. During the meeting, several positive items were discussed.
Overall loss results improved for the third consecutive quarter. September 30, 2014 loss results showed similar improvements. The reforms of SB 863 from 2012 are continuing to make an impact.
The projections of increased costs by the WCIRB of the conversion to RBRVS continue to be overstated. The RBRVS conversion hopefully provides more of the medical payments to primary care physicians, who are usually the first medical provider to evaluate and diagnose an injured worker. It is believed that these physicians need to be compensated better, to achieve better outcomes for the injured worker. The overstated projections may lead soon to lower advisory cost recommendations.
Bruce will be attending meetings in 2015, with the possibility of a mid year lowering of the advisory premium rates by the WCIRB. If loss results and RBRVS costs continue to trend lower and lower, there could be a rate filing change proposed for July 1, 2015.