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Originally Posted by JP
I mean who cares if ACC makes a profit? We own it.
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Looks at it like this, ACC might make $1 of profit on a premium of $100.
A private insurer might make $5 profit on an $90 premium whilst still delivering the same benefits to the customer, and taking better care of their staff, and taking better care of the community and doing better by the environement.
As a customer, which premium would you like to pay?