Tuesday, September 25, 2012

I guess they're not privatising ACC

Over the past few years, ACC has relentlessly hiked its levies, both as a response to temporary fluctuations in interest rates (which caused a blowout in the projected cost of claims, allowing the government to manufacture a crisis to justify cutting services) and to make it less competitive when they open up the market to private competition. But now, they're looking at significantly reducing them, with a proposal for a ~12% cut in employer's and earner's levies. Which suggests strongly that they've finally seen sense and given up on their privatisation plans for the next few years at least.

Now, if only we can get them to do the same over SOEs...