National and the Insurance Council are in lock-step in their opposition to KiwiAssure (though their terror at the prospect of a new insurer rather makes a lie of their claim that the insurance market is competitive). That’s no coincidence, the two are very closely linked.
We know that the Insurance Council’s head was Bill English’s Chief Advisor. But the links go deeper. The Hollow Men records that the insurers gave National a million dollars for its ACC privatisation policy in 2005, and a memo shows they colluded to keep the details secret. That’s very probably the largest donation in New Zealand political history. That kind of money buys a lot of loyalty.
So, when National screams that KiwiAssure won’t work (just like State Insurance ‘didn’t work’ all those years it was the publicly-owned insurer), remember that who pays the piper calls the tune.