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.
No monopoly on stupid
34 minutes ago
2 comments:
"lining the pockets of their insurance company mates.”
And 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
sections 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.
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