The view of the author is that the privatisation process delivered benefits to:
• ACC by creating a more efficient and focused organisation,
• the overall scheme by properly defining the entitlements,
• insurers who made profits from the experience,
• employers by reducing premium rates,
• employees overall through improved rehabilitation and reduction in injury rates.
That is an excerpt from a review of the Privatisation of New Zealand
Accident Insurance Workplace Cover 1999/2000.
ACC Minister Maryan Street, who loathes the idea of competition and profit, is harassing National over any policy to re-privatise employers accounts. What caught my eye was her snide and petulant claim that National was simply "lining the pockets of their insurance company mates.”
Now that really is a fine example of the 'politics of envy' and what turns thinking people off Labour.
History of crude oil prices 1861-2014
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