Threat of workers’ comp hike stresses Calif. employers

Soaring medical costs may drive up premiums paid by already beleaguered California employers for workers’ compensation insurance — after rates plunged 65% over the last six years.

Gov. Arnold Schwarzenegger, who forged major changes in the state workers’ comp law in 2004 that slashed rates, has launched a bid to stop a potential 24.4% rate hike now being discussed in Sacramento.

By Marc Lifsher

Full Story: http://www.latimes.com/business/la-fi-comp6-2009apr06,0,3889432.story