If the "reform" worked, would there be any reason for WCIRB to propose a 22% premium increase,
The 'reforms' worked as intended.
The IC's lobbied Arnold/legislature to adopt ACOEM, cap wage loss/TTD,reduce PPD awards...all in the name of lowering costs to ER's in the form of premiums... of course we saw that result... UNTIL, the last couple of years where we see a continued 'recommendation' to increase those very ''reform based reduced costs'' ER's have enjoyed over the last ... what is it ? FIVE years. The increases are even double pre ''reform'', or better.
AT&T did this over 20 years ago... bust up MaBell, ''baby bells'' took the bate. The cost increases IC's are enjoying today are the result of that blueprint.
ER's enjoy a limited period of reduced costs, Calif residents believe jobs are remaining at home, and WHAM! unheard of profits are reaped by Calif IC's....
Oh.. reform worked alright...just the way the IC's intended. (if not, Warren Buffett wouldn't have come back....)