FOR IMMEDIATE RELEASE: Tuesday, June 19, 2012
SACRAMENTO, CA - The California Applicants' Attorneys Association (CAAA), whose members represent Californians injured on the job, today released a chart showing that the actual insurance rates paid by California employers are still more than 60% lower than in 2003; not withstanding the advisory pure premium insurance rates increasing slightly next month.
"In fact, the current workers' compensation insurance rates today are lower than in 1993, almost 20 years ago, and are even lower than 1983, almost 30 years ago. Furthermore, even though this chart shows that there has been a slight increase in workers' compensation insurance rates since 2008, that change pales in comparison to the increase in group health insurance costs," said Brad Chalk president of CAAA. "According to the Kaiser Family Foundation, the average group health premium grew from $2,196 to $5,429 per employee between 1999 and 2011, an increase of 147% or almost 8% annually."