Forum Home
PC World Chat
Thread ID: 104022	2009-10-14 06:26:00	ACC levy increases - Motorcyclists	Chilling_Silence (9)	PC World Chat

Post ID	Timestamp	Content	User
820410	2009-10-15 20:28:00	A close watch on serial bad backs Pity I can't share my back pain with you, It may bring a little enlightenment. Though I don't believe living off ACC is the answer to a stuffed back.	Metla (12)
820411	2009-10-15 20:34:00	The serial bad backs I was thinking about were the ones who use the time off on ACC to make concrete block retaining walls or such alike.	prefect (6291)
820412	2009-10-16 12:27:00	In 2007 there were 117 people working at ACC getting over $100,000 and 17 getting over $300,000. I haven't checked the figures for 2008 but they probably have a dozen or so more, so need to find the money from somewhere.	mikebartnz (21)
820413	2009-10-19 01:13:00	This from Sir Owen Woodhouse founder of the ACC. The "blow-out" in losses that led to last week's changes stemmed from a decision by the last National Government in 1998 to allow private sector competition for accident insurance, which required transforming the Accident Compensation Corporation on to the same funded basis as private insurers. :)	Trev (427)
820414	2009-10-19 01:31:00	Its going to cost a heap of money for people who only have a motorbike licence and nothing else.	convair (13650)
820415	2009-10-19 01:35:00	This from Sir Owen Woodhouse founder of the ACC. The "blow-out" in losses that led to last week's changes stemmed from a decision by the last National Government in 1998 to allow private sector competition for accident insurance, which required transforming the Accident Compensation Corporation on to the same funded basis as private insurers. :) Yeah right. Trouble with that comment is that Helen (who hates the free market with a passion bordering on obsession) and her mates canned these changes (private sector competition) as soon as they took power. Sorry, find someone else to blame.	johcar (6283)
820416	2009-10-19 02:19:00	Where is your proof. Here is mine. www.nzherald.co.nz :)	Trev (427)
820417	2009-10-19 02:50:00	Yeah right . Trouble with that comment is that Helen (who hates the free market with a passion bordering on obsession) and her mates canned these changes (private sector competition) as soon as they took power . Sorry, find someone else to blame . One of the private insurance companies (HIH) that had about 40% of the workplace cover went into liquidation shortly after the changes were reversed . "In 2001, Australian insurance giant HIH collapsed with debts of around A$5 billion, caused by gross mismanagement, including charging too little for premiums and failing to put enough aside for claims . " No wonder private sector competition looked good for a short while .	PaulD (232)
820418	2009-10-19 03:37:00	Where is your proof. Here is mine. www.nzherald.co.nz :) Who would you rather believe? Me, or a newspaper quoting someone who may have an axe to grind? :D One of the private insurance companies (HIH) that had about 40% of the workplace cover went into liquidation shortly after the changes were reversed. "In 2001, Australian insurance giant HIH collapsed with debts of around A$5 billion, caused by gross mismanagement, including charging too little for premiums and failing to put enough aside for claims." No wonder private sector competition looked good for a short while. There you go - independent confirmation. There were a number of companies (some of which are still around) who were gearing up to compete for the slice of pie that the ACC had previously exclusively owned. A heap of money and time wasted by an arbitrary political decision. Happens all the time... :groan: I was working in the health insurance industry at the time, so got the info from the horse's mouth (as it were). Not in that industry now - haven't been for a number of years.	johcar (6283)
820419	2009-10-19 04:10:00	There you go - independent confirmation. There were a number of companies (some of which are still around) who were gearing up to compete for the slice of pie that the ACC had previously exclusively owned. A heap of money and time wasted by an arbitrary political decision. Happens all the time... :groan: I was working in the health insurance industry at the time, so got the info from the horse's mouth (as it were). Not in that industry now - haven't been for a number of years. You're missing the point that I was making. That at least one of the private companies that moved in was apparently attractive because it was undercharging. If it had been left for several years it would presumably picked up more business and the train wreck when it collapsed would have been worse. As the ACC tightens up on its operation we don't save, Southern Cross has said that the private health insurers will be upping their premiums to cover costs that move to them.	PaulD (232)
1 2 3 4 5