Private insurers are to be invited to compete with ACC for workplace accident cover.
Watch for the howls of anguish from the socialists.
Helen Clark closed out private insurers as soon as she gained power in 1999. Some say this was an ideological decision but wiser analysts know the decision was political. Ideology requires principles and if there's one New Zealanders have learned from Wikileaks, it is that Helen Clark has no principles apart from 'whatever it takes to gain and hold power.
ACC was brought back into the gummint fold for one purpose. To provide a sink hole in which to park beneficiaries so that she could tell the people what a fine job she was doing reducing the number of people on benefits.
Adolf sincerely hopes Nick Smith and Co set the deal up properly so that ACC can not be hijacked by Labour for a second time.
4 hours ago