Another Nixter Smith curiosity

[raster]

First point:
This is why I feel that the charges need to be a level playing field thing - like and extra 0.5% on top of GST. Remember those ACC adds of injuries caused in the home - well where is the ACC charge on household stuff?
If they cant make it even - they need to make ACC private so it learns what the real world is like.
FYI : Southern Cross don't rip me off anywhere near as bad as ACC CURRENTLY do. So I have no hope for ACC in the future. When in Aussie i noticed that the average medicare setup was around $1000 p/a.
How much do we pay (total) for ACC here - a lot more than that I suspect.

The reason Southern Cross don't charge much in NZ is because they have a massive compitition called ACC and public health.

Our ACC is far cheaper than America's insurance once you add them all together.

[Mully]

Your second Point:
ACC has to plan for future claim funds. Its quite simple - take existing accounts and estimate total recovery / payout time, multiply fund by that figure and viola total required in bank to cover future expenses.
Imagine it like this - you boss will now pay you large ammounts of money, but will not tell you when you will be unable to work. You stock pile an ammount of money to get you by for the next 12 months. What is that figure? how did you calculate it......same thing different pretext

Point of order: ACC have never had to plan for future claim funds, and they don't have to now.

They've chosen to change a system which has delivered an enormous surplus, hence the bullshit they are spouting which we have to fight.