In this case no, because I believe 'our' funds are to be used to under write the business liability associated with the relationship between private business and the NZ two party political system. If I actually thought the funds were going to be used to provide us "the great unwashed" with accident compensation my reply would be different. In this case I do not.
No I do not believe that the private insurance ACC workplace account provided any signifigant benefit to the people of NZ. One year was not enough time for any number of reasons. It did allow a few larger companies to negotiate a lower ACC rate, but most NZ companies have less than 20 people and don't have the resources to this easily. It probably helped a few big companies minimise their insutance liabilities, but with only one year did the insurers understand the liabilities they were getting into.
The post 911 insurance risk model is a completely diferent beast than it was a decade ago. The insurance companies have to show a profit. I can not comment on ACCs ineffecientcies, its all hear say, smoke and mirrors. I do however know that ACC only works for us we are the shareholders. I am a lot more happy with this situation than the other.
All I see here is what happened with NZ Rail all over again. Sell a business cheap, strip the assets, wait and sell it back to the goverment at a major profit. Its business, its what business does, it makes profit. I like the ACC system the way it is. I do not believe it needs fixing. Anyway ask your parents what happened to the original super money the national goverment had in 'safe' keeping.
If we allow the govt will sell the ACC system, business will strip the guts from it and the goverment will have to buy it back.
Suckling the fat cow?
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and now maybe-just maybe-those who voted in national because they were bored or Helen wasnt as hot as she should have been or simply because Mr Key was a nice guy are all feeling a bit stupid.......LEOPARDS DONT CHANGE THEIR SPOTS NO MATTER WHAT SUITS THEY ARE WEARING
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Please read the PriceWaterhouseCoopers 2008 report into ACC, then tell me that ACC is less cost efficient than equivalent private systems.
When the Workplace account was privatised some larger businesses saw decreased premiums, however many smaller businesses found their costs increased, and nearly all self-employed people stayed with ACC.
He promised me exactly the same in front of no less than 4 KBers I had made 'officials'
We had a good crew on stage, my mate Byron worked on the background so 'no surprise' unlike I hit the Nat's with on the HB MP that had not delivered his message.
HILARIOUS!
Seriously, Phil Goff has sworn to me face to face he will preserve ACC as it WAS not as it IS!
Its a godamn NZ treasure, a right and privellege NO other nation on earth has as well managed, and we need to fight tooth and fuckin nail to save it
Yes, we WILL vote against a sitting government over ACC issues!
Just ride.
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