The view of the author is that the privatisation process delivered benefits to:
• ACC by creating a more efficient and focused organisation,
• the overall scheme by properly defining the entitlements,
• insurers who made profits from the experience,
• employers by reducing premium rates,
• employees overall through improved rehabilitation and reduction in injury rates.
That is an excerpt from a review of the Privatisation of New Zealand
Accident Insurance Workplace Cover 1999/2000.
ACC Minister Maryan Street, who loathes the idea of competition and profit, is harassing National over any policy to re-privatise employers accounts. What caught my eye was her snide and petulant claim that National was simply "lining the pockets of their insurance company mates.”
Now that really is a fine example of the 'politics of envy' and what turns thinking people off Labour.
"lining the pockets of their insurance company mates.”
ReplyDeleteAnd her mate Duynhoven is not doing the same with his 3rd party insurance?
The right move here is obviously - and simply - to abolish ACC, repeal the 2001 ACC act except
ReplyDeletesections 317 & 318 --- I'd also reword section 319 so that it is accord with 317& 318.
This would greatly strengthen "personal responsibility" by making employees personally responsible for the health and welfare - they would not be able to sue employers or others for their own problems.
ACC is yet another "New Zealand experiment" that has failed, totally and utterly.