December 16, 2017

CA WCIRB Releases 2016 SB 863 Cost Monitoring Report

Oakland, CA – The WCIRB recently released its Senate Bill No. 863 WCIRB Cost Monitoring Report — 2016 Retrospective Evaluation which is part of a multi-year cost monitoring plan developed by the WCIRB following the signing of SB 863 by Governor Brown on September 18, 2012.

The WCIRB released retrospective evaluations of the cost impact of SB 863 in 2013, 2014, and 2015. The 2016 Report includes the WCIRB’s final comprehensive retrospective evaluation of the cost impact of SB 863 based on data emerging through the third quarter of 2016.

Based on the most current information, the WCIRB estimates the impact of SB 863 is an annual net system-wide savings of $1.3 billion, or 7% of total system costs.

The Report is available in the Research and Analysis section of the WCIRB website or by clicking here: Senate Bill No. 863 WCIRB Cost Monitoring Report — 2016 Retrospective Evaluation (PDF)

Source: CA WCIRB

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