Davis, Garamendi Praise WorkerÂ´s Comp Legislation
State Insurance Commissioner John Garamendi says a package of workersÂ´ compensation bills approved by a special legislative committee will slash the skyrocketing cost of treating job-related injuries by as much as 30 percent.
Governor Davis is also praising the legislation, saying it will jump-start the stateÂ´s sputtering economy and create jobs. HeÂ´s promising to sign the legislation when it reaches his desk.
But even some of the billsÂ´ supporters say additional changes will be needed in the future to fix the stateÂ´s 90-year-old workersÂ´ comp system.
The California Chamber of Commerce suggests the savings in the current legislation seemed to be grossly inflated. The Chamber is urging lawmakers to wait until they have hard projections before voting on the measures.
The Senate and Assembly are scheduled to vote on the bills by Friday.