The Government is planning to reduce ACC cover and portray it as a cost saving for levy-payers. You would get less income coverage when injured and have to endure a longer wait time of three weeks until your coverage would begin. Levies would be personalised on the private model. This is privatising ACC on bite at a time.
Any ‘savings’ from your ACC bill will be purely illusionary. The costs to the individual and to society don’t disappear just because ACC stops paying them. Instead of getting cover through ACC levies, you’ll have to purchase it privately (at greater cost) or hope to be able to cover any expenses out of pocket.
You can see how this amounts to the partial privatisation of ACC – costs that are now met publicly via ACC may in future have to be met by families going to the private insurance market, and paying the foreign insurers’ profits.