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Originally Posted by JP
The more I think about this, the more it seems that really the only people with something significant to gain are insurance companies.
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Well you're half right. Last time this happened private insurance companies made a lot of money. They did this whilst lowering premiums and improving service to customers. How? They had far more efficient expense structures than ACC of the time.
Really, everyone benefited. And, this improvement has stuck to some extent since ACC does its best these days to run efficently. So, the expectation is that it will be tough to make money this time around.