National opens ACC to private sector

[Brian d marge]

On national radio today

The price of water in the new Super city has gone up

if that true

Good luck with the the coal

Which I might add is underneath a nice bit of land , just need to open it up for mining and J Brown-lee is just the man !

Stephen

[davebullet]

ACC was very profitable when privatised in the late 90's.

The average general insurance company spends between 90 and 96 cents of every dollar of premium earned.

One particular insurance company was only spending 78 cents for every $1 of ACC premium collected in the 90s.

No wonder private insurers are champing at the bit. Dog eat dog.

[Oscar]

On national radio today

The price of water in the new Super city has gone up

if that true

Good luck with the the coal

Which I might add is underneath a nice bit of land , just need to open it up for mining and J Brown-lee is just the man !

Stephen

? How is the price of water in Auckland relevant to the partial privatisation of ACC?

[spacemonkey]

? How is the price of water in Auckland relevant to the partial privatisation of ACC?

I can only guess that he is using it as a generalisation as to the post ACC privatization future?

Something along the lines of........
Super shity (err sorry super CITY) was sold as being a rationalisation that would cut overhead and therefore cut costs, watercare has now post amagamation put it's prices up, so that line was obviously bullshit.
When they try to sell ACC it will be sold as a great thing as being a private company it will be cheaper cos private companies are great at cutting cost....So this will deliver the best cost to benefit ratio! However as this line by the National/ACT has failed in AK it must therefore fail in ACC.

I think that's what he was trying to point out????
I'm probably very wrong though..... I usually am when trying to mind read, just ask any of my Ex's!

[Brian d marge]

I can only guess that he is using it as a generalisation as to the post ACC privatization future?

Something along the lines of........
Super shity (err sorry super CITY) was sold as being a rationalisation that would cut overhead and therefore cut costs, watercare has now post amagamation put it's prices up, so that line was obviously bullshit.
When they try to sell ACC it will be sold as a great thing as being a private company it will be cheaper cos private companies are great at cutting cost....So this will deliver the best cost to benefit ratio! However as this line by the National/ACT has failed in AK it must therefore fail in ACC.

I think that's what he was trying to point out????
I'm probably very wrong though..... I usually am when trying to mind read, just ask any of my Ex's!

The force is strong in you young Jedi

anyone under the age of 21 on a 600 or greater ,,, start saving now

Stephen

oh and I haven't forgotten about putting everything in one document ,,, I just havent had time to give it Justice

[spacemonkey]

ACC was very profitable when privatised in the late 90's.

The average general insurance company spends between 90 and 96 cents of every dollar of premium earned.

One particular insurance company was only spending 78 cents for every $1 of ACC premium collected in the 90s.

No wonder private insurers are champing at the bit. Dog eat dog.

Just out of curriousity does any here actually think that as a private or public/private partnership* company ACC will cut that profit margin?





* I'm guessing that'll be the first move, make it a PPP

[Oscar]

I can only guess that he is using it as a generalisation as to the post ACC privatization future?

Something along the lines of........
Super shity (err sorry super CITY) was sold as being a rationalisation that would cut overhead and therefore cut costs, watercare has now post amagamation put it's prices up, so that line was obviously bullshit.
When they try to sell ACC it will be sold as a great thing as being a private company it will be cheaper cos private companies are great at cutting cost....So this will deliver the best cost to benefit ratio! However as this line by the National/ACT has failed in AK it must therefore fail in ACC.

I think that's what he was trying to point out????
I'm probably very wrong though..... I usually am when trying to mind read, just ask any of my Ex's!

? So the water supply in Auckland is is private hands?

[davebullet]

Just out of curriousity does any here actually think that as a private or public/private partnership* company ACC will cut that profit margin?





* I'm guessing that'll be the first move, make it a PPP

I was involved in an RFP process last year looking at IT systems to manage claims. That's exactly what is planned. There will be no migration of old claims from ACC to private operators as I understood it at the time. It was all new business only.

[Brian d marge]

? So the water supply in Auckland is is private hands?

Looks like it to me

Web feet , wings , floats on water

pretty much looks like a duck

Snip from Watercares web site
Watercare Services Limited (Watercare) is required to prepare and deliver to its
shareholders, no later than 30 June in each year, a Statement of Corporate Intent (SCI)
for the three year period commencing 1 July.
The SCI is the public and legislative expression of Watercare’s accountability to its
shareholders. It is the contract between Watercare’s Board of Directors and its
shareholders, and it is against this document that the Board reports to the shareholders
and is held accountable. The SCI identifies the nature of Watercare’s business and its
strategic and operational issues. It sets the expectations of Watercare by the
shareholders, and provides a tangible record of Watercare’s performance by setting
performance targets against which the Company must report.


but then I could be wrong




Stephen

[Winston001]

A Witch A Witch!! No - wait

[Winston001]

ACC was very profitable when privatised in the late 90's.

The average general insurance company spends between 90 and 96 cents of every dollar of premium earned.

One particular insurance company was only spending 78 cents for every $1 of ACC premium collected in the 90s.

No wonder private insurers are champing at the bit. Dog eat dog.

Sorry mate but nonsense.

Firstly ACC was opened to competition - not privatised - in 1999. That lasted 3 years to 2001 when the Labour government transferred accident cover back to ACC exclusively.

Secondly the insurance companies never had long enough to work out what was profitable and what wasn't.

Thirdly - and this is a telling point - one large insurer HIH went into liquidation afterwards. Bellyup. Huge ructions in Oz at the time. Clearly they didn't do very well from covering accidents in New Zealand.

[rustic101]

The sooner this happen the sooner we get transparency rather than the way Labour were using ACC as a pseudo Benefit system, all the while playing ACC of the market...

[rustic101]

The incomong CEO is a well known axe man who cut Scotlands health system to shreds, axed THOUSANDS of Nurses in Scotland and got a huge bonus for doing so......

Why do people fail to mention that his change to the Scottish Hospital System, including trimming the fat, was praised by the Nurses Union (UNISON) and that the systems now in place are more efficient and effective?

I've witnessed the inefficient operating model and practices of MoH and wider NZ hospital system. It and and they are long overdue a significant axing. The Govt culture is grossly over populated and heavy, including contractors employed for well over two years with little or no output. The previous Govt were responsible for this over population and the current Govt trying to rain in the spending, our tax's to filter into essential services . I know of three individuals at MSD National Office as an example sharing the same role....

[RiderInBlack]

The sooner this happen the sooner we get transparency rather than the way Labour were using ACC as a pseudo Benefit system, all the while playing ACC of the market...

Transparency from Private Insurance Companies Sweet party at rustic101's place, cause a Milk tanker has just arrived there full Tui's.

[StoneY]

Why do people fail to mention that his change to the Scottish Hospital System, including trimming the fat, was praised by the Nurses Union (UNISON) and that the systems now in place are more efficient and effective?

.

And the fact the Scottish Public for the first time ever faced 18 month waiting lists for URGENT surgeries is a moot point then, post the cuts?
Mate I expected better research from you of all people.....

I just finished a contract at MOH last November- very hard working organisation that gets nothing but blame -

They are dreading this guys arival - wait and see how our already overburdened hospitals deal with 1200 less nurses dude..........
Everyones so fast to condemn Labour policies, while National sell our assetts, cut our resources...this will result in people dying while waiting for surgeries etc

Even the Doctors are dreading the cuts this dudes gonna impliment
Bah humbug.