Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Banks enter Dragon’s Den for Govt’s mental health experiment

Banks enter Dragon’s Den in pitch for Government’s mental health experiment

Overseas banks and their preferred providers were asked to pitch their ideas for bankrolling the Government’s social bonds scheme to a Dragon’s Den-style panel, Labour’s Health spokesperson Annette King says.

Dragon’s Den was a reality television series where prospective ‘entrepreneurs’ presented ideas to a group of wealthy investors in an attempt to gain funding while offering a stake of the company in return.

“Leaked documents show the panel considering pitches from Westpac, ANZ and Australian company APM, included Dr Murray Horn, who has previously held a number of senior executive roles with ANZ and lead the bank’s New Zealand operations.

“Panel members used ‘score cards’ to rate each proposal and the entire ‘pitch presentation’ was videoed.

“It is unbelievable that the Government is treating such a serious issue in this way. It is also outrageous that the banks, who only this week announced profits of close to $1.7 billion, are now looking to profit from some of New Zealand’s most vulnerable – mental health clients, at risk youth – the very people those same banks wouldn’t want opening accounts.

“The paper notes risks around the social bond pilots include poor outcomes unless they are focussed on non-essential health services and that there could be ‘cherry-picking’ of the least difficult clients to avoid ‘hard to reach users’.

“It also reveals the $28 million for the four pilots announced by Health Minister Jonathan Coleman was based on the cost of two pilots. New Zealand’s 20 DHBs received the same amount more in Budget 2015 to deliver mental health services across the entire country.

“Social bonds programmes have not worked overseas. In the UK privatisation of mental health services has coincided with cuts to public health spending and in the US led to millions of dollars being wasted on services that were unnecessary or not even implemented.

“The idea that private investors are looking to make a profit on an experiment that involves people with mental illness will appal New Zealanders,” Annette Kings says.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

RNZ Report: SkyCity Fire Still Burning

Flames and billows of black smoke are still coming out from the roof of the SkyCity International Convention centre in Auckland.

Firefighters say they're trying their best to get the fire under control after it broke out around 1pm yesterday. Twenty-six appliances are on the scene with laddered hoses trying to reach to the top.

But fears are no longer held that a large crane might topple over as the huge fire continues to burn. Photo: RNZ / Liu Chen More>>

.

 
 

Bullying Investigations: Police Commissioner Announces Independent Review

Police Commissioner Mike Bush has today announced an independent review of the systems and processes NZ Police has in place to address complaints of bullying. More>>

PM's Post-Cab: Now We Are Two

Questions covered Deputy Prime Minister Winston Peters' comments on the potential closure of Mediaworks' television channels, the Auckland light rail planning process, the select committee report on the Zero Carbon Bill and its methane target range... More>>

Court Issues New Guildines: Revamp Of Meth Sentencing Welcomed

The court accepted submissions by both the New Zealand Bar Association and the New Zealand Law Society that rather than solely focusing on the quantity of meth involved, there should be greater focus on the role of the offender. More>>

ALSO:

'Armed Response Teams': Armed Police "Will Cause American-Style Shootings"

The Police Commissioner's announcement that squadcars of officers with automatic rifles will patrol New Zealand's streets is dangerous and unnecessary, according to the criminal justice community organisation People Against Prisons Aotearoa. The ... More>>

ALSO:

Control Orders: Amnesty Says Don't Rush Terrorism Bill

"The problem is, we often see the word “terrorism” being applied broadly by oppressive regimes to detain innocent people who're simply rallying for a better life." More>>

ALSO:

Expert Reaction: $17 million To Fight Online Extremist Content

The Department of Internal Affairs will double its work investigating and preventing violent extremism online. Funding will also help bolster the Chief Censor's work to make fast decisions about harmful content. More>>

ALSO:

Could Do Better: Post-Sroubek Review Of Deportation Info

Ms Tremain acknowledges that the review highlighted some aspects of the process that can be improved and makes five main recommendations to strengthen the existing processes for preparing files for decision-makers. Those recommendations are: More>>

ALSO:

Gordon Campbell: On A New Book On The Leaky Homes Scandal

We all know that journalism is short of cash and under pressure from the speed, brevity and clickbait pressures of the 24/7 news cycle… but hey, given the right subject and a sufficiently stubborn journalist, it can still surpass most of the works of the academic historians... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels