I’ve run the “ACC: undermine, cut privatise” banner on a few posts on ACC over the last couple of years, and now we’re seeing the third leg of the trifecta emerging with the announcement yesterday that ACC’s work account is to be partially privatised.
This may be good news for some employers, because in the short term foreign owned private insurers will be able to loss-lead with lower levies to gain market share.
But it will be very bad news for claimants, because the easiest way for private insurers to keep levies low, reduce costs, and increase profits is to wrongly deny legitimate claims in the knowledge that most claimants won’t have the knowledge and/or resources to challenge adverse decisions.
Expect this to be a big political issue next year in the lead-up to the general election.
In the meantime, there are a couple of things you can do before the summer break: