17th March 2009, 22:16
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#73
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Quote:
Originally Posted by caffiend
I'm not suggesting ACC isn't wasteful in its current form, and it could certainly be run more efficiently
| Could it?
Quote:
More rational comments have been overlooked in Smith's attacks on the corporation. A review by PricewaterhouseCoopers last year praised the corporation.
It said ACC provides broader coverage than any other scheme in the world; it returned 88 per cent of people back to work within six months (compared with 85 per cent in Australia); the cost to employers was lower than comparable private schemes overseas and its administration costs were lower.
Management expenses were at 8 per cent while Australian schemes ranged from 9 to 32 per cent. And on it goes. In every significant aspect it is performing better than any similar scheme, public or private, overseas.
| From a Stuff opinion piece admittedly...
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