❓ Hon. C.L. Edwardes questions the Minister for Consumer and Employment Protection about the discrepancy between projected savings and actuarial assessments regarding injury management cost neutrality. The Minister defends the projected savings, citing potential savings identified within the actuarial report and consistency with the Hon. Member's previous views.
AnsweredQoN 616Legislative Assembly
QuestionView source ↗
(b) how does the Minister reconcile this projected savings with the actuarial assessment of nil savings in injury management?
AnswerView source ↗
Answered
25 February 2003
Responded by
Minister for Consumer and Employment Protection
Response time
83 days
(a) Yes.
(b) While the report summary indicates cost neutrality the Actuary in the body of the report identifies the fact it may not be unreasonable to target a level of saving between 2.5% and 5% of claim risk cost from effectively implementing injury management The Government has a strongly held view that injury management will further reduce costs in the system which is consistent with views the Hon Member previously expressed whilst Minister responsible for this area.
(b) While the report summary indicates cost neutrality the Actuary in the body of the report identifies the fact it may not be unreasonable to target a level of saving between 2.5% and 5% of claim risk cost from effectively implementing injury management The Government has a strongly held view that injury management will further reduce costs in the system which is consistent with views the Hon Member previously expressed whilst Minister responsible for this area.
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