Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


AMI troubles show folly of ACC privatisation

AMI troubles show folly of ACC privatisation

“The news that AMI is struggling in the aftermath of the Christchurch earthquake demonstrates the folly of the government’s decision to privatise the work account of ACC,” says Hazel Armstrong, spokesperson of the ACC Futures Coalition.

“We have been here before, “ says Ms. Armstong. “ One of the main insurers involved in New Zealand’s last failed experiment in privatisation in the 1990s was the Australian giant HIH, who were big players in the Australian workers’ compensation market. A couple years after ACC was once again brought under public control HIH collapsed leaving the Australian state and federal governments to pick up the pieces and ensure that injured Australian workers were not out of pocket.”

“We narrowly dodged that bullet”, says Ms. Armstrong, “but AMI’s troubles demonstrate the risks of relying on the private sector for the delivery of this vital social service. We will be handing millions of dollars in ACC contributors’ levies over to the private insurers. They will make large profits in the good times but ultimately the government will have to provide the security needed should any firms fail. That means the taxpayers run the risk of having to pay twice if vulnerable injured workers are to be protected.”

“ACC has demonstrated its worth during the aftermath of the Christchurch earthquake, but the tragedy has also demonstrated the weakness of the private insurance model. It is time for the government to step back from this ideologically driven crusade to privatise one of the great public services in New Zeland,” says Ms. Armstrong.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news