Nick Smith (Minister for ACC) is basically claiming ACC has had a blowout of liabilities resulting from mismanagement of the board. He doesn't think they're being held to account for their actions, something he believes competition would correct.
Other people are saying that the recent increase in liabilities are as a result of the economic turmoil at the moment, and that comparatively to other international health agencies ACC is performing well.
Go here for more:
http://www.stuff.co.nz/sunday-star-t...nd-the-reality