Okay, it's official, premiums are down...
It must be official, the LA Times is reporting that "employers are reaping the benefits" (archived) of the workers' compensation reforms. The main benefit is reduced premiums and several small business owners are quoted, one with a 45% drop in premiums. Barely mentioned are the delays in treatment and benefits to injured workers. Hardly discussed is the dramatic increase in insurance carrier profits. But the legend continues, there was a crisis, and the Governator has fixed it...