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Originally Posted by fixed_truth
Given that Labour said last year that it will reverse Nationals (proposed) changes to allow competition; would it be that profitable for private insurers to (briefly) enter the market?
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That is assuming 1. Labour will be in power next term, and 2. Labour won't change tack in the future. I don't see #1 happening any time soon. As to #2, the theoretical benefit to liberalisation of accident insurance is clearly there, so I won't put it past them to change tack in the future.
That quote you had, whatever the source, does not say "liberalising accident insurance is bad for NZ". Taking it at face value, it just says the system ACC put into place to prepare to compete against private insurers were of no use to ACC once it becomes as monopoly again.
That is like someone said "do project X", you pretty much finished X, but at the last minute that someone says "we are not doing project X anymore". All the sunk costs into project X is completely wasted because of that U-turn.