So, you’re talking with someone about politics and they say something really dumb and wrong and you know it’s wrong but you don’t have the arguments and facts at your fingertips to make a decisive point. That’s where our election series,The Standard line, comes in. The info you need in bite-size form. Today, ACC:
– ACC is a cheap and effective system of accident compensation.(1)
– More people get cover and they get back to work quicker than in other countries.(2)
– It is the envy of other countries, where people have to find someone to sue and win to get compensation and insurance companies often refuse to pay out leading to legal action. In NZ, everyone gets cover, not just those who can afford the best lawyers
– In other countries ACC frees the courts up to deal with more important things.
– We shouldn’t privatise because it would just be more expensive. ACC doesn’t make a profit, private insurers do.
– Private insurers make their money by making as few payouts as possible.
– ACC invests in reducing injury rates because it is a public good and it gets the benefit on its bottom-line. Competing private insurers have no interest in reducing accident rates.
– Merrill Lynch says Aussie insurers will make $200 million profit from National’s plan to privatise ACC. Why would we want to send profits offshore that could be going to injured people here?(3)
– ACC isn’t perfect but privatisation would make things much worse. Don’t throw the baby out with the bathwater
[if I’ve missed any important points tell me. Tomorrow-ish, showerheads]