Thread: privatising ACC
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Old 3rd July 2008, 20:26     #15
Golden Teapot
Love, Actuary
 
Quote:
Originally Posted by crocos
Already been tried, failed miserably.

Shit idea IMO.
Surely you mean something like, succeeded spectacularly?

ACC was revolutionised by the need to compete. And, it's almost managed to keep it up all these years on.

Sure, private companies made lots of money. However, premiums went DOWN and care was IMPROVED. Why? The first one is due to competition. The second one is due to the fact that if you fix people fast then they go back to work quickly too.
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