Today’s issue of WorkCompRecap features some rate filing news from the California WCIRB, whose Governing Comittee recently met to review the Actuarial Committee’s analysis of December 31, 2011 experience and determine whether the WCIRB should submit a mid-year pure premium rate filing. The July 2012 average pure premium rate recommended by the Actuarial Committee came out 7.7% above January’s filing, and combined with their concerns about ongoing escalation in several key cost drivers, the Governing Committee has elected to make a mid-year pure premium rate filing at the new rate.
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Also in the news today is a new application from the Ohio Bureau of Workers’ Compensation that makes their outpatient prescription formulary accessible via a mobile app or computer. The application gives healthcare professionals immediate access to the formulary at the point of care, helps ensure prescription safety and accuracy, and is also available to injured workers, employers and the general public.
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