Government documents from last year reveal a plan to make ACC boost its levies and pay the government a dividend so that private insurers can compete. But that wasn’t enough. Now, the plan seems to be to exclude ACC from workplace injury insurance altogether.
Private insurers just can’t offer cover as cheap as ACC can. They have to pay all those lawyers and admin staff focused on denying payouts and shareholders clamouring for profit.
So the Nats’ solution is to deny us the cheap option so that private, foreign-owned insurers, can make a buck off us.
What’s the point in this exercise again? I thought it was about bringing in private sector efficiencies? Seems like the opposite is happening. This isn’t about the country’s good – this is about profit for National’s donors on the Insurance Council.
[Update: since the time of writing, Key had said ACC won’t be excluded from workplace insurance. But they’re going to have to tie ACC’s hands behind its back somehow if they want private insurers in the market – as it stands they don’t have a hope of providing comprehensive cover as cheaply as ACC. Anything the Nats do to ACC to let private insurers compete will mean higher levies for you and me]