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Posted on: Jul 6, 2021

A year ago, the insurance industry’s WCIRB (Workers’ Compensation Insurance Research Bureau) made headlines when they predicted that Governor Newsom’s emergency order allowing a COVID presumption would break the bank.

That didn’t happen.

In their latest report, the WCIRB admitted that in fact what actually happened is insurers had one of their most profitable years ever.

A year ago, they predicted $33 billion in medical costs due to COVID claims alone.

That didn’t happen. 

In their latest report, the WCIRB admitted that what actually happened is costs for ALL claims (not just COVID) went down by $1.2 billion.

A year ago, they predicted total COVID medical costs would reach $11.2 billion.

That didn’t happen. 

In their latest report, the WCIRB admitted that what actually happened is medical costs for ALL claims (not just COVID) went down by $400 million.

On Governor Newsom’s watch, California Workers’ Compensation System has lowered premiums for employers, increased profits for insurers, and provided essential workers the COVID Workers’ Comp coverage they needed. 

That really did happen.

Article contributed by CAAA Political Consultant Richie Ross