Internetnews.com, February 6, 2004
“It’s going to take a bi-partisan approach to come to a solution. We have to get the system to operate more efficiently,” Mike Splinter, CEO of Applied Materials, told internetnews.com. He said administration costs for the program should be reduced, while litigation inflates the cost of the system without benefiting employees.
The Sacramento Bee, February 4, 2004
“It [worker’s comp legislation] makes filling prescriptions unprofitable,” said Warren Bryant, chairman and chief executive of Longs. To get reimbursed for a workers’ comp claim, pharmacies must track down the employer’s insurance carrier, a process that can take several phone calls and chew up valuable time, said Carlo Michelotti, chief executive of the California Pharmacists Association. And one-third of the time, the claim is disputed by the carrier, he said. “The paperwork with workers’ compensation- horrendous.
North County Times, January 3, 2004
We have more cost for workers’ compensation in California than we do in the balance of the 36 states where we do business,” Costco president and CEO Jim Sinegal said in August.
USA Today, Tech Investor, October 21, 2003
“California has to treat business as something it has to attract and nurture,” the Intel executive [CEO Craig Barrett] and foe of excessive government regulation said.
The Motley Fool, September 8, 2003
[Costco] CEO Jim Sinegal has noted that although only 30% of the firm’s employees are in California, fully 70% of its worker’s compensation costs are for California. Costco is now considering laying off many Golden State employees and moving much of its operations out of state, unless the system gets a major overhaul. Many other companies have similar plans.